EXCLUSIVE: I’ve just confirmed with CAA my news that the talent agency is moving its New York office. Its current location is at 162 5th Avenue. The new address is the iconic Chrysler building at 405 Lexington Avenue. My sources say CAA has just signed a 15-year lease to occupy Floors 18 through 20 of the Art Deco skyscraper considered one of the finest examples of NYC architecture. The new deal gives the tenpercentery 74,550 square feet at a price of $58.50 psf with $5 bumps every five years. One source tells me that the first year may even be free.
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