Columbia Property Trust has signed a 30-year lease with NYU Langone Medical Center for the 25-story office tower at 222 East 41st Street. The triple-net lease encompasses all 389,522 sqf of Class-A office space in the building, including the common areas and parking garage. NYU Langone is expected to move in at the end of 2016, as the lease with law firm Jones Day in the building ends in October.
NYU Langone will convert 222 East 41st Street into a combination of medical offices, ambulatory care facilities and other ancillary uses. Built in 2001 and acquired by Columbia in 2007, the entire facility including the lobby recently underwent improvements. Columbia was represented in the deal by Paul Amrich, Neil King, James Ackerson, and Jackie Marshall of CBRE, while NYU Langone was represented by Bruce Mosler and Mark Mandell of Cushman & Wakefield.
“We are very pleased that NYU Langone Medical Center has selected 222 East 41st to be its next Manhattan location,” noted Nelson Mills, president and chief executive officer of Columbia Property Trust. “Our ability to secure a long-term tenant with an esteemed reputation like NYU, while also successfully addressing the most significant lease expiration in our portfolio with minimal downtime, is a testament to this building’s quality and the ability of our local team.”
