Newmark Group Inc. has successfully arranged a significant office lease renewal and expansion for the United Nations at 2 United Nations Plaza in Midtown Manhattan, New York City. The transaction covers 425,190 square feet across 26 stories, consolidating and expanding the UN's presence in the city. This lease renewal is part of a broader $500 million capital improvement project by the United Nations Development Corporation, enhancing the infrastructure, security, and sustainability of the complex. Newmark's team, including Executive Managing Director Jim Saunders and Head of New York Consulting Jason Perla, represented the UN, while CBRE's Scott Gottlieb represented the landlord. The project underscores the UN's commitment to maintaining its global diplomatic hub in New York City.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.