{"id":1004364416,"date":"2019-11-01T00:18:11","date_gmt":"2019-11-01T08:18:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004364416"},"modified":"2019-11-01T00:32:36","modified_gmt":"2019-11-01T08:32:36","slug":"bmws-extends-ford-motors-building-stay","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/","title":{"rendered":"BMW Extends Ford Motors Building Stay"},"content":{"rendered":"<div id=\"attachment_1004364419\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004364419\" data-attachment-id=\"1004364419\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/555-w-57-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\" data-orig-size=\"639,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1572514850&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"555 W 57 Street\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;555 W 57 St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg?w=639\" class=\"wp-image-1004364419 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg 639w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004364419\" class=\"wp-caption-text\">555 W. 57 St.<\/p><\/div>\n<p>BMW has renewed its 227,000-square-foot lease in the 20-story tower at 555 W. 57<sup>th<\/sup> St. The German car manufacturer will continue to occupy the entire second, third and fourth floors together with parts of the ground and concourse levels the following 10 years.<\/p>\n<p>Designed in 1973 by Eggers &amp; Higgins, the cubistic structure was previously known as the Ford Motors Building, as the American car manufacturer occupied a large showroom on the ground floor, space that is now occupied by the Munich-based firm. SL Green Realty Corp., <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-green-inks-two-leases-at-one-vanderbilt\/\">New York City\u2019s largest landlord<\/a>, is the owner of this iconic building since 1999, when, according to Yardi Matrix data, it paid $67 million to Cerberus Capital Management for 65 percent interest in the property.<\/p>\n<p>SL Green Realty modernized the asset with new entrances, an outdoor plaza, hallways and bathrooms. In addition, the property has an 84-space on-site parking and holds a Wired Gold certification. Other tenants in the property include CBS Broadcasting, City University of New York, Greater New York Hospital Association and Mt. Sinai\/Beth Israel.<\/p>\n<p>JLL\u2019s Scott Panzer and Matt Rosen represented BMW in the transaction. The landlord was represented in-house.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German car manufacturer will continue to occupy the entire second, third and fourth floors. JLL negotiated the deal on behalf of the landlord.<\/p>\n","protected":false},"author":237,"featured_media":1004364419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747,21749],"tags":[33071,32796,32895],"class_list":["post-1004364416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","category-retail","tag-bmw","tag-jll","tag-sl-green-realty-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BMW Extends Ford Motors Building Stay - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMW Extends Ford Motors Building Stay\" \/>\n<meta property=\"og:description\" content=\"The German car manufacturer will continue to occupy the entire second, third and fourth floors. JLL negotiated the deal on behalf of the landlord.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-01T08:18:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-01T08:32:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"639\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/\",\"name\":\"BMW Extends Ford Motors Building Stay - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\",\"datePublished\":\"2019-11-01T08:18:11+00:00\",\"dateModified\":\"2019-11-01T08:32:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/555-W-57-Street.jpg\",\"width\":639,\"height\":480,\"caption\":\"555 W 57 St.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmws-extends-ford-motors-building-stay\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BMW Extends Ford Motors Building Stay\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. 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