The Bear Stearns lease that The Observer reported on is a done deal. The i-banking firm will take an additional 107,000 square feet at 237 Park Avenue. Now the firm has 255,000 square feet in the building.
With this expansion tied up, Bear Stearns has managed to take 350,000 square feet in midtown north in the last six months–not an easy task.
– John Koblin