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CIT Renews Headquarters Lease 3 Years Early
Middle-market commercial lender CIT Group has opted for an early renewal of its 150,000-square-foot headquarters at Tishman Speyer’s 11. W. 42nd St. The lease was due to expire in 2021 but has been renewed for 15 more years.
“CIT is pleased to have committed to our Midtown, New York City location for the long term,” a company spokeswoman said. “This is our headquarters and a key center for our commercial businesses.”
Chris Mongeluzo, Eric Zemachson and Noel Flagg negotiated on CIT’s behalf, the Real Deal reported. Tishman Speyer’s Samantha Augarten and Gregory Conen represented building ownership.
The 955,000-square-foot office tower was completed in 1927. A unique feature is its H-shaped layout which allows for eight corner offices per floor.
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