NEW YORK - Loeb & Loeb LLP real estate partner Michael B. Kinney represented American Precious Metals Exchange, Inc. (APMEX), one of the largest precious metals dealers in the U.S., as tenant, in a lease transaction that closed on Thursday for the entire 50th floor at 40 Wall Street, also known as The Trump Building. The landlord, 40 Wall Street LLC, of The Trump Organization, accepted the 10-year commercial lease on the property which provides approximately 10,000 square feet of office space for APMEX. This transaction also marks the first time in the history of The Trump Organization that Donald J. Trump has ever accepted Gold Bullion as a security deposit.
Formerly the tallest building in the world in 1930, 40 Wall Street is based in lower Manhattan and was purchased and restored to its original grandeur by Trump in 1995. At the signing of the lease, APMEX CEO Michael Haynes presented Mr. Trump with three, one kilo, .9999 pure Gold bars, weighing in total approximately 96.45 troy ounces.
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For more information about this matter visit: www.apmex.com.