GSA Awards Lease for Former Pres. Clinton's Harlem Office

Apr 17, 2001, 01:00 ET from U.S. General Services Administration

    WASHINGTON, April 17 /PRNewswire/ -- The U.S. General Services
 Administration (GSA) today awarded a 10-year lease for former President Bill
 Clinton at 55 West 125th Street in Harlem.  The Office of President Clinton
 will occupy 8,300 square feet at the top of the 14-story building.  GSA will
 pay $31.50 per square foot, or $261,450 per year, excluding tenant
 improvements.  The lease also includes 308 square feet for the Secret Service,
 which the Department of Treasury will pay at the same rate.
     The landlord will contribute $337,060 towards tenant improvements,
 amortized over the 10-year lease term at a cost of $6.21 per square foot.
 Electricity at $2.50 per square foot also is included as part of the rent.
 The lease can be terminated at the end of the second, sixth, and eighth year.
     Occupancy is expected in July of this year.  The landlord is Judy LLC.,
 and the Managing Agent is Cogswell Realty Group LLC.
 
 

SOURCE U.S. General Services Administration
    WASHINGTON, April 17 /PRNewswire/ -- The U.S. General Services
 Administration (GSA) today awarded a 10-year lease for former President Bill
 Clinton at 55 West 125th Street in Harlem.  The Office of President Clinton
 will occupy 8,300 square feet at the top of the 14-story building.  GSA will
 pay $31.50 per square foot, or $261,450 per year, excluding tenant
 improvements.  The lease also includes 308 square feet for the Secret Service,
 which the Department of Treasury will pay at the same rate.
     The landlord will contribute $337,060 towards tenant improvements,
 amortized over the 10-year lease term at a cost of $6.21 per square foot.
 Electricity at $2.50 per square foot also is included as part of the rent.
 The lease can be terminated at the end of the second, sixth, and eighth year.
     Occupancy is expected in July of this year.  The landlord is Judy LLC.,
 and the Managing Agent is Cogswell Realty Group LLC.
 
 SOURCE  U.S. General Services Administration