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BlackRock To Pay $1.25 Billion Over 20 Years For New York Headquarters

TedTed
in Fund Discussions
FYI: BlackRock Inc (BLK.N) will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.

BlackRock, which oversees $5.4 trillion in assets and is the world's largest asset manager, is moving into 847,000 square feet (78,690 sq meters) of a development that will be part of a neighborhood rising over rail yards and tracks in a once-forlorn corner of New York City.
Regards,
Ted
http://www.reuters.com/article/us-usa-property-hudsonyards-blackrock-idUSKBN18L2BY?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(Business+News)

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