New York City's largest hospital New York-Presbyterian Hospital has signed an office deal to occupy almost 500,000 square feet in the Park Avenue Atrium office building at 237 Park Ave. (466 Lexington Ave.) in New York, NY.
In order to provide the hospital with certain tax benefits, the transaction was structured as a sale to the hospital of a 30-year leasehold condominium interest in a portion of the building totaling 471,016 square feet, instead...
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