Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Israeli Bank Leumi Shrinks Size in Move Down Avenue of the Americas

1120 AVENUE OF THE AMERICAS.

 

Bank Hapoalim, an Israeli lender, is moving its New York branch south along Avenue of the Americas and reducing its size in the process, The Real Deal reported.

The bank inked a deal for 40, 000 square feet at 1120 Avenue of the Americas, also known as the Hippodrome Building, according to TRD. The lender is almost halving the 74, 000 square feet it leases at 1177 Avenue of the Americas, according to CoStar.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The length of the lease and the asking rent was not immediately available.

Michael Burgio of Cushman & Wakefield represented both Bank Hapoalim and the landlord, Edison Properties, in the deal. A C&W spokesman did not immediately return a request for comment.

Bank Hapoalim currently leases three floors at 1177 Avenue of the Americas, which is between West 45th and West 46th Streets, where it’s been since 1993, according to CoStar. The Israeli lender last signed a renewal in 2011.

 

Read the full story at the Commercial Observer, by Terence Cullen  

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.