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Alexanders amends Bloomberg lease at 731 Lexington Avenue with rent abatement
Alexanders Inc. has amended its lease agreement with Bloomberg L.P. for the office condominium at 731 Lexington Avenue, New York City. The amendment includes a rent abatement of $56,808,900 for Bloomberg in exchange for a corresponding reduction in Bloomberg’s tenant improvement fund. Despite these changes, Bloomberg continues to lease the entire office condominium, and the lease expiration date remains February 8, 2040.