Alexander's, Inc. Extends Bloomberg LP?s Global Headquarters Lease At 731 Lexington Avenue Tower Through 2040
May 06, 2024 at 08:05 am
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Alexander's, Inc. announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040. Bloomberg, which relocated its global headquarters to the tower upon its completion, will continue to occupy all 946,815 square feet of office space in the building. The company's headquarters at 731 Lexington remains its globally with 7,000 of its 12,000 New York-based employees.
Since Bloomberg first moved into 731 Lexington with nearly 697,000 square feet, the company's real estate footprint in New York has more than tripled to over 2.1 million square feet across three buildings. The 1.3-million-square-foot, 56-story, mixed-use tower occupies a full city block between Lexington and Third Avenue, and East 58th and 59th Streets. 731 Lexington is best known for its signature elliptical courtyard anduminous crown which also serves as a across Manhattan and Queens.
731 Lexington Avenue offers approximately 250,000 square feet of retail at the base and is also the site of Oneacon Court, an exclusive collection of 105 luxury residential condominiums boasting spectacular views of Central Park and panoramic views of all of New York City.
Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.
ALEXANDER'S, INC. 
