Mount Sinai Signs 165K-sf Lease at 787 Eleventh Avenue

The redeveloped former Ford-owned automotive building at 787 Eleventh Avenue acquired by Georgetown Company in partnership with Pershing Square Capital Management CEO, Bill Ackman in 2015 is adding Mount Sinai’s Icahn School of Medicine to its tenant roster. A long-term lease for 165,000 square feet spread across three floors was signed, the partnership securing $100 million in financing to buildout the space in conjunction with Mount Sinai for an estimated occupancy by 2024. A second deal for a 36,000-square-foot research facility to be created for scientist and inventor Neri Oxman will bring the building to full occupancy.