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City National Bank Renews, Extends at 1140 Sixth Ave.
New York City REIT, Inc. (NYC) completed an early renewal and extension of City National Bank’s (CNB) lease of retail and office space at 1140 Ave. of the Americas. The lease extends CNB’s occupancy at the building until 2033.
Headquartered in Los Angeles, CNB has occupied space at 1140 Sixth Ave. since 2012 and serves as the anchor tenant. As part of its new lease agreement, CNB will occupy 35,643 square feet, including 3,400 square feet of ground-floor space.
“We believe that last month’s early lease extension demonstrates the continuing long-term value that CNB finds in this location and allows NYC to execute on its strategy of achieving high occupancy through long term leases with strong tenants,” said NYC CEO Michael Weil.
Avison Young’s Todd Korren represented NYC. CBRE’s Lynn A. Williams and Jeffrey Welch represented CNB.
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
