CBS Broadcasting will remain at the top of Hell’s Kitchen for at least 13 more years. The network has renewed its lease on 281,896 square feet of office space in the 20-story building at 555 West 57th Street, near 11th Avenue. The deal lasts through Dec. 31, 2023.
Continuing to assert its dominance in commercial leasing, CB Richard Ellis had Michael Laginestra, Scott Gottlieb and Andrew Sussman represent the tenant, according to a release issued last night. Steven Durels, executive vice president and director of leasing and real property for SL Green, represented SL Green, which owns the building. SL Green is the city’s biggest office landlord, with approximately 22,012,215 square feet to its name. For its part, 555 West 57th encompasses about a million square feet.
CBS will presumably have easy access to medical attention, schooling and cars. Other tenants in the building include St. Luke’s Roosevelt, Greater New York Hospital Association, City University of New York and BMW of Manhattan.
It’s been a busy week. According to the release, recently renewed leases by Pepsico and Citigroup outside of the city (in Westchester and Fairfield counties, respectively) combine with the CBS deal to bring the total leased square feet in SL Green buildings to over 610,000 “in the past few days.”
“Large tenants are choosing to lock in favorable occupancy costs with financially stable landlords,” Mr. Durels said.