Colliers signs NYPD traffic division to 67K sf lease in Midtown

469 Seventh Avenue (Credit: PropertyShark)

469 Seventh Avenue (Credit: PropertyShark)

Colliers International is leasing 66,800 square feet in a building it owns near Penn Station to the New York Police Department.

The NYPD’s Manhattan South Traffic Enforcement Division will move into the 267,000-square-foot 469 Seventh Avenue from its current office further west on 34th Street. The 15-year lease starts Jan. 1. Asking rents for the space were $49 a foot, according to the New York Post.

The space – which includes the second through fourth floors and part of the sixth floor — has its own lobby and elevators on the ground floor, according to the newspaper. The 15-year deal, which starts on New Year’s Day, had an asking rent of $49 a foot. The division is moving from further west on 34th Street.

The tenant was represented by CBRE’s Keith Cody, John Morrill and Douglas Holowink, while building owners Eric and Marty Meyer of Colliers along with Dan Shavolian of Foremost Real Estate represented the landlord. [NYP, 3rd item]  – Hiten Samtani

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