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Direct lease

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Direct lease
Contract in which a lessor purchases new equipment from the manufacturer and leases it to the lessee.

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Mitchell Waldman of Cogent Realty Advisors represented Antiquorum in its 3,794 s/f direct lease with Vornado Realty Trust and 6,543 s/f sublease with the Sunshine Group.
GSN, which has been leasing a smaller space in the building for five years, will be subleasing the space until January, then transition to a direct lease.
Total costs and expenses increased 14% to $171 million from $150 million, driven in part by a 17% increase in the cost of sales, product to $144 million from $123 million, a 30% increase in direct lease costs from $2.
 
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