Modern Bank has inked a 13,200 s/f lease on the 15th floor at Boston Properties’ 250 West 55th Street, in a relocation from 667 Madison Avenue.
Peter Turchin, executive vice president, leads CBRE’s leasing team for 250 West 55th Street. Craig Reicher, a vice chairman at CBRE, represented Modern Bank in the transaction.
Completed last year, 250 West 55th Street is a million-square-foot, 38-story office tower designed by SOM and conceived as a contemporary take on the firm’s mid-century stunner Lever House.
“Modern Bank’s choice of 250 West 55th Street shows that the Plaza District is moving west,” said Christie Harle, vice president, and another member of the CBRE leasing team. In addition, given that the average age of office buildings in East Midtown is 70 years, 250 West 55th Street can provide features difficult to match in buildings of older vintage, such as 14-foot slab-to-slab heights, column-free interiors, state-of-the-art infrastructure and a LEED Gold rating.