MasterCard Picks Up Office Space In NYC Flatiron District

Law360, New York (February 4, 2014, 6:00 PM EST) -- MasterCard International Inc. has agreed to lease 60,000 square feet at 114 Fifth Ave. in Manhattan's Flatiron District for an undisclosed amount, landlord L&L Holding Co. announced Tuesday, in a deal analysts call the latest example of top tenants rebuffing Midtown East and a reaffirmation of the “Silicon Alley” moniker.

MasterCard's 10-year lease is for the entire 10th, 11th and 12th floors of the 20-story property, which L&L Holdings acquired last year for approximately $165 million in a joint venture with private equity firm Lubert-Adler. ...
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