Despite reports that the city was putting the freeze on long-term lease deals, the Human Resources Administration has finally renewed its lease at 109 East 16th Street. The agency renewed a 20-year lease at the Gramercy Park building several months after announcing the deal, the Commercial Observer reported. The city will initially pay $15.8 million a year, but the rent will eventually work its way up to $24.7 million in the last five years of […]

Source: trdnews

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