Alexander's grants Bloomberg $56.8M rent abatement for Apr-Dec 2026; tenant fund reduced

ALEXANDERS INC

Rent abatement of $56,808,900 for period April 1, 2026 to December 1, 2026.
Bloomberg's tenant improvement fund reduced from $113,617,800 to $56,808,900.
Lease expiration unchanged at Feb 8, 2040; Bloomberg continues to lease entire office condominium at 731 Lexington Ave.
Loan amendment establishes $56.8M free rent reserve account; monthly rent applied to debt service, excess to Alexander's.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALEXANDERS INC amended Tenth Amendment of Lease with Bloomberg L.P. valued at rent abatement of $56,808,900 (effective 2026-03-31).

Action: amendment
Agreement: lease
Counterparty: Bloomberg L.P.
Value: rent abatement of $56,808,900
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, 731 Office One LLC, a wholly-owned subsidiary of Alexander’s, Inc. (the “Company”), entered into the Tenth Amendment of Lease (the “Lease Amendment”) with Bloomberg L.P. (“Bloomberg”), amending Bloomberg’s lease of the office condominium at the Company’s 731 Lexington Avenue property (the “Property”).

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

ALEXANDERS INC filing history →

Source: SEC EDGAR

accession 0000003499-26-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.