Reuters logo
BRIEF-Blackrock to locate new corporate headquarters at 50 Hudson Yards, New York
May 25, 2017 / 4:24 PM / in 5 months

BRIEF-Blackrock to locate new corporate headquarters at 50 Hudson Yards, New York

May 25 (Reuters) - Blackrock Inc:

* On May 24, co entered into agreement with 50 HYMC owner LLC to lease about 847,000 rentable square feet of office space - SEC filing

* Term of lease is 20 years from rent commencement date, which is expected to begin on or about May 1, 2023

* Lease is expected to require annual base rental payments of about $50.8 million per year during first five years of lease term

* Expects to locate its new corporate headquarters at 50 Hudson Yards, which is owned by JV of related Cos L.P. & Oxford Hudson Yards LLC

* Lease would increase every five years to $58.4 million, $66.1 million and $73.7 million per year Source text: (bit.ly/2rDD5jW) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below