Office landlord SL Green Realty has taken another blow in its bid to hold onto 625 Madison Avenue, as the upcoming departure of tenant Ralph Lauren will affect its payments to the land owner. Ben Ashkenazy’s Ashkenazy Acquisition Corp., which owns the land on the 583,000-square-foot building and earns $4.6 million a year, is looking to sharply increase its rent when it resets in 2022, according to Crain’s. The firm took the property in 2013 […]
source https://therealdeal.com/2018/11/28/ralph-laurens-exit-at-625-madison-just-compounded-a-big-problem-for-sl-green/
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