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Wednesday, December 7, 2011

Apple negotiated 'UNIQUE' bargain for Grand Central store lease

Apple negotiated 'UNIQUE' bargain for Grand Central store lease

"The terms of the deal were disclosed on Wednesday by the New York Post, which revealed that Apple is paying $60 per square foot for the property. That's said to be well below what other tenants are paying, such as a Shake Shack restaurant that pays more than $200 per square foot.

"That's a sign that Apple drove a hard bargain with the MTA -- Despite the fact that the public agency's budget squeezes are pushing fares up for subway straphangers and suburban commuters across the region," the report said."

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