New York REIT completes 125,438 s/f in leasing during 2015 fourth quarter

New York, NY New York REIT, Inc., a publicly traded real estate investment trust (REIT), has completed 125,438 s/f of leasing during the fourth quarter of 2015, including two office leases and two retail leases. “We are very pleased with our leasing results in the fourth quarter of 2015,” said Michael Happel, CEO and president of NYRT. “Tenant demand remains high, allowing us to successfully execute over 125,000 square feet of leases to a number of high quality tenants during the quarter.” The office leases include The Ford Foundation for four full floors at 1440 Broadway totaling 104,525 s/f, and Lane Furniture for two full floors at 256 West 38th St. totaling 17,200 s/f. The retail leases include two leases totaling 3,693 s/f at World Wide Plaza—the Body Factory for 968 s/f and Bann Restaurant and Lounge, a lease renewal for 2,725 s/f.