Done deals report

Real Estate Weekly, Sept 4, 2002

The top deals in the Manhattan Area over the last two weeks as tracked by CoStar.

(1) Money in the Bank

Bank of America Commits to 150,000 sq. ft. at 40 West 57th Street

The Lefrak Organization leased 152,000 square feet to Bank of America at 40 West 57th Street, the firm's "flagship" office property in Midtown Manhattan. Lefrak said the transaction represents the largest lease for contiguous space signed in midtown Manhattan so far this year. The bank eased the top seven floors of the 34-story building with occupancy planned for March 2003. The 728,000-square-foot office tower was built by Lefiak in 1972. It is currently undergoing a major renovation designed by Kohn, Pedersen and Fox. Improvements include new elevators, a new HVAC system, additional cooling and electrical capacity, re-cladding of the building's facade, and total makeover of the building's lobby and public arcade. Bank of America will join current tenants ICM, Givaudan Fragrances, Marlborough Gallery, Nautica, and Infinity Broadcasting in the building. Howard Fiddle of Insignia/ESG represented The Lefrak Organization in the lease transaction. Bank of America was represented by Jones Lang Lasalle.

(2) 218-232 W 40th St

Tenant Katharine Gibbs School

Tenant Rep Julien J. Studley, Inc.

Landlord 218 W 40th Investors

Landlord Rep Newmark & Company Real Estate, Inc.

Square Feet 57,667

(3) 1500 Broadway

Tenant The Nasdaq Stock Market, Inc.

Tenant Rep Julien J. Studley, Inc.

Landlord Taconic Investment Partners

Landlord Rep Cushman & Wakefield, Inc.

Square Feet 53,000

(4) 622-626 Broadway

Tenant Take-Two Interactive

Tenant Rep Newmark & Company Real Estate

Landlord Moklam Enterprises

Landlord Rep Insignia/ESG

Square Feet 48,000

(5) 750 Third Ave

Tenant RSM McGladrey, Inc.

Tenant Rep Cushman & Wakefield, Inc.

Landlord TIAA Realty Inc.

Landlord Rep Colliers ABR, Inc.

Square Feet 47,772

(6) 101 Park Ave

Tenant Federal Home Loan Bank

Tenant Rep Newmark & Company Real Estate, Inc.

Landlord H.J. Kalikow & Company, Inc.

Landlord Rep H.J. Kalikow & Company, Inc.

Square Feet 41,000

(7) 498 Seventh Ave

Tenant Siemens Transportation Systems, Inc

Tenant Rep Cushman & Wakefield, Inc.

Sublandlord Bates North America

Sublandlord Rep Cushman & Wakefield, Inc.

Square Feet 40,987

(8) 115 Broadway

Tenant Builders Group

Tenant Rep Insignia/ESG

Landlord Capital Properties

Landlord Rep Insignia/ESG

Square Feet 38,802

(9) 1370 Broadway

Tenant Esprit, Inc.

Tenant Rep GVA Williams

Landlord S.L. Green Realty Corp

Landlord Rep S.L. Green Realty Corp.

Square Feet 28,562

(10) 1 Liberty Plz

Tenant Tully Construction

Tenant Rep GVA Williams

Sublandlord Tudor Investment Corp.

Sublandlord Rep Cushman & Wakefield, Inc.

Square Feet 29,912

(11) 32 Avenue of the Americas

Tenant VoiceStream Wireless

Tenant Rep Rosenhaus Real Estate

Landlord Rudin Management Company, Inc.

Landlord Rep Rudin Management Company, Inc.

Square Feet 17,000

The Information Advantage

in millions

                        Available            Available
                      space removed         space added
                      from inventory        to inventory

                   square feet  Blocks  square feet  Blocks

2 Week Period of    1,138,092    160     1,708,954    156
05/27/02-06/09/02

2 Week Period of    1,045,962    141     1,334,480    152
06/10/02-06/23/02

2 Week Period of     631,819     109     4,088,633    136
06/24/02-07/07/02

2 Week Period of    1,305,165    145     1,625,070    133
07/08/02-07/21/02

* Blocks represent the sum of single or multiple space additions and/or
deletions for a given building in Manhattan for the stated periods of
time.

Note: Table made from bar graph