Two More Floors Taken at 1140 Avenue of the Americas
After multiple floors were leased at 1140 Avenue of the Americas in the third quarter of 2013, two more floors were just taken. Field Street Capital will take the 6th floor of the building, and Trilogy Global Advisors will take the 18th floor, as was reported in the Commercial Observer
using CompStak data. Both firms will pay around $80 PSF - Field Street Capital in a five-year lease and Trilogy Global Advisors in a 10-year lease. Field Street Capital's rent may seem high when compared to leases on similar floors, such as Starwood Property Trust. However, when considering all the components, such as term, escalations, and concessions, Field Street is paying around $70 PSF in effective rent, which is actually in line with rents in the building.
For a video tour of the building, visit View The Space