Doral Financial Corp. (DRLCQ)

[sterlingkuning]

Doral more than doubles Fifth Ave. footprint
Puerto Rican financial firm will have a total of 27,500 square feet at tower, between East 50th and 51st streets.

By Amanda Fung on August 16, 2011


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Doral Financial Corp. is more than doubling its Fifth Avenue office space to a total of 27,500 square feet.
The San Juan, Puerto Rico-based financial services company has signed an eight-year deal to renew 13,000 square feet and take on an additional 14,500 square feet at 623 Fifth Ave., between East 50th and East 51st streets. Asking rent for the space in the 36-story, 350,000-square-foot tower ranged from $80 per square foot to $135 per square foot.
“The building was able to accommodate Doral Financial’s growth as the company continues to expand its business in New York,” said John Picco of Cushman & Wakefield Inc. He and colleague Richard Nocom represented the tenant.
The company currently occupies the 13th floor of the building and is expected to move into the entire 19th floor by the fall.
The landlord Cohen Brothers Realty Corp. was represented in-house by Steve Lambert and David Nevins.


Read more: http://www.crainsnewyork.com/dcce/20110816/12/real_estate/122/deals_active/2629500#ixzz1VDrSdHb0