The New York herald., 1922-05-24
100000 LEASE IN
PERSHING 50. BLDG.
international Paper Co. Rents
Two Floors From Plans in
Grand Central Zone.

Tho International Paper Company of
30 Broad street has leased the seven
teenth and eighteenth floors of the
Pershing Square Building that is to
be erected on the site Of the old Grand
Union Hotel at the southeast corner of
Forty-second street and Park avenue
by Henry Mandel. The lease is for a
ten year term and according to Gushing
& Wakefield. the brokers. 1t calls for
a rental Of about 100000. Negotia-
lions for this deal have been under
way for more than two years. John
M. Picker represented the lessees and
Humphrey S. O'Brien, Jr.. represented
the brokers. Feiner & Mas were at
torneys for the Pershing Square Build
ing Corporation and Stetson. Jennings
& Russell cared for the legal details
for the International Paper Company.
Actual construction on the Pershing
Square Building has not yet begun. but
according to Cushman & Wakefield. al
ready Al per cent. of the entire office
space has been leased. other tenants
which have taken one or more floors
are the Royal Baking Powder Company,
the Royal Indemnity Company and the
Liverpool and London and Globe In
surance Company. The building will be
twenty-four stories high and will cover
the Park avenue block front and will
extend 124 feet along Forty-first street
and 125 feet on Forty-second street.
The steel contract has already been
awarded to Post & McCord.
Miscellaneous Rentals.
Hell & Stern leased for Courtland II.
Young. the five story building at 400
Columbus avenue, 25x1So, for twenty-one
AZ q 20 ~ ~,
lessee is the Wilder Development Com
pany, Inc
Charles g. Keller leased for Clara p.
Trunk to Ray Rosenbaum. proprietress
of the Russian Inn, the building at 80
West Thirty-seventh street, for twenty
one years at gross rental Of about
$40, 900. Anton L. Trunk represented the
owner
Charles F. Noyes Company leased Of
fices in 160 Broadway to Abraham Laut-
man: additional space In GA Water street,
to the Joint Distribution Committee Of
America; in so Maiden lane. space to
Leo B. Landau and Saul Kornreich; in
ITO Broadway, space to B. Coles Mel
decker. and. in 1877 South William street
a portion Of floor to The Collins Com
pany.
Cross & Brown Co. leased space In
632 West Fifty-eighth street to the
Clark Equipment Company. and suite
of offices in 1882 Broadway to George
M. Cohan. the theatrical producer.
Rosenberg-Colt Company leased store
and basement In 141 West Twenty
seventh street, to the Manchurian Fur
Trading Corporation and Thorman &
Cohn.
Brady & Bowman have leased offices
in the Borden Building. Madison evenue
and Forty-fifth street to Mitchell Bros,
A. w. Newman. II. Geiger Mrs. F. L.
Jonson. George Miller and U. S. Gutta
Percha Paint Company.
Adams e Co. leased floors in ia East
Twenty-fifth street to the following
firms: The Ostra Corporation. importers,
represented by M. & L. Hess: Morton
Bros. Inc, draperies, represented by
Chas. G. Edwards Company: Marinello
Company. toilet specialties. represented
by O'Donohue & Sons. and George Sully
& Co.. publishers.
Albert b. Ashforth, Inc, has leased
space in ia Liberty street to L. C.
Harry Company, Inc, and in the Munson
Building. 81 Wall street. to the Robinson
Service (Service City Corporation),