The surrender provision is invoked when a bankrupt
sublessor fails to assume or reject a lease within sixty days after filing for bankruptcy.
Last minute information requests slow the process and anger tenants in their unfamiliar role as
sublessor.
Fabrizi, executive vice presidents, of Cushman & Wakefield, represented the
sublessor in the transaction.
John Moxley of Jones Lang LaSalle represented the
sublessor, The Rockport Company, LLC.
Herb Goldberg and Israel Jungreis of City Connections Realty represented the
sublessor.
Sublessor Reed Elsevier was represented by Kevin Daly, senior director, and W.
Hrobsky and avone were able to negotiate a long term sublease for WTAS to occupy a floor and a half, with the
sublessor, Kramer Levin Naftalis & Frankel LLP.
Robert Alexander and Christopher Mansfield of CB Richard Ellis represented the
sublessor, Alliance Bernstein, in the UBS-owned building.
It is currently fully occupied by
sublessor Medco Health Services, Inc.
Berkis closed a 1,839 s/f sub-lease on behalf of
sublessor Gardner Publications with Fresh Direct, an online grocer.
The
sublessor was represented by Scott Gamber and Peter Turchin of CBRE.
Linda Montez-Loloy, Baguio clerk of court, sent the sheriffs to serve vacate notices to all
sublessors of Camp John Hay Development Corp.
