156
NEW YORK CITY — Nike Inc. has signed a 15-year lease for retail space at 650 Fifth Ave. in New York City’s Plaza District from landlord SL Green Realty Corp. and partner Jeff Sutton. The retailer will occupy 69,214 square feet, covering seven floors, which is the entire retail component of the 36-story office building. According to the New York Post, the transaction is valued at more than $700 million across the lease’s 15-year term.