NEW YORK–(BUSINESS WIRE)–American Strategic Investment Co. (NYSE: NYC)announced today the execution of a 9,300 square foot lease at 1140 Avenue of the Americas in New York City. The lease is with Security Scorecard, has a duration of 3.5 years, and replaces an expiring lease with another tenant. Security Scorecard provides continuous monitoring of their customers security risk posture based on their online web presence. Additionally, the company announced that Jones Lang Lasalle has been named the exclusive leasing agent for the Company at 1140 Avenue of the Americas.
“We are pleased with the execution of this lease with a new tenant, which is a result of our ongoing focus on asset management in our New York City real estate portfolio,” said Michael Weil, CEO of ASIC. “This lease features minimal work to be completed by the Company and very little downtime between the departure of the current tenant and occupancy by the new tenant. Continuing with our focus on signing new and renewal leases, we are excited to announce that we recently engaged Jones Lang Lasalle, one of the premier brokers in New York, as the exclusive leasing agent at 1140 Avenue of the Americas. JLL has hit the ground running and we look forward to working with their team to lease up the remaining available space at this property.”
About the Company
American Strategic Investment Co. owns a portfolio of high-quality commercial real estate. Additional information about NYC can be found on its website at AmericanStrategicInvestment.com.