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Nothing But Net as Oxford, Crown JV Sinks 175,000-SF Lease Extension with NBA

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Not to be outdone by MLB’s announcement last week of a 400,000-square-foot lease at 1271 Sixth, the National Basketball Association (NBA) has signed a 175,000-square-foot lease extension through 2035 at 645 Fifth Ave. in New York City.

Olympic Tower is a 21-story, 419,000-square-foot, 4-Star office and residential tower built in 1974 on nine-tenths of an acre in Midtown Manhattan’s Plaza District submarket, at the northeast corner of East 51st…

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