Saturday, December 15, 2007

News: 315 Park Avenue South

BCN Development, an award-winning, leading developer of high-end, mixed-use, luxury properties, announced today that it has secured lease commitments from Leucadia National Corporation (Ticker: LUK) for over 32,000 square feet of office space through 2017 at its New York City flagship property, 315 Park Avenue South. The deal is valued close to $25,000,000.

Craig Nassi, CEO of BCN Development, welcomed the news. “It is a pleasure to be able to continue our relationship with one of New York City’s fastest-growing companies,” Mr. Nassi said, citing an article from the November 19, 2007 issue of Crain’s New York Business that ranked Leucadia National Corporation at number 14, on the strength of a 2006 net income of $186 million on revenue of $827.8 million and a share price appreciation of +119.1%. “I am delighted that Leucadia recognizes the desirability of 315 Park Avenue South as the location to continue to grow their business.”

The 340,000-sf 315 Park Ave. is also headquarters to Credit Suisse. The property has a just renovated 50-year-old lobby with a $1-million detailed finish.

315 Park Avenue South

315 Park Avenue South

No comments: