Subleases Galore in the GM Building
Continental Grain will sublease the 15th floor from General Motors in its namesake building at 767 Fifth Avenue. The rent will be in the mid-$80s PSF, which is slightly higher than what Reservoir Capital agreed to pay to GM for the 16th floor a few months ago. Another sublease in the building was recently signed by Dubin & Company, which will be paying the sublandlord, IMG, over $130 PSF in starting rent for the 10,885 SF space on the 45th floor.