One of the largest leases ever signed to that date was the $115,000,000 lease to build a skyscraper above Grand Central Terminal for was was to become the largest commercial space in the world. The building was crowned with a large Pan Am Sign; the visual impact caused the New York City Zoning Law to be changed to keep permanent signs off of buildings. On top of the building was a heliport which whisked first class passengers off of the roof to Idlewild (now JFK) which was about 10 minutes away.

Signed, ca Sept 1, 1960

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