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Industrious Expands Manhattan Presence With 20,000 Square Foot Lease At 560 Lexington Avenue

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LEASED
Justin Halpern
Ed Wartels
+ 4

Michigan

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Office20,000 SF
Leased 03/11/2025
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Property Image
LEASED

Industrious Expands Manhattan Presence With 20,000 Square Foot Lease At 560 Lexington Avenue

560 Lexington Avenue

See Similar Deals
Office20,000 SF
Leased 03/11/2025
Justin Halpern
Ed Wartels
+ 4
Contact now

Summary

MICHIGAN
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:20,000 SF
Transaction Type:Lease

The property involved in this transaction is an office space located at 560 Lexington Avenue in Manhattan. The lease encompasses a total square footage of 20,000. This asset serves as a coworking hub, enhancing the presence of the tenant in the Manhattan market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 560 Lexington Avenue
  • Market: Manhattan
  • Landlord: Samantha Rudin Earls & Michael Rudin
  • Tenant: Douglas Feinberg & Jamie Hodari
  • Landlord's Representative: Kevin Daly
  • Tenant's Representative: Ben Bouganim, Ed Wartels & Justin Halpern

This lease transaction was facilitated by the landlords, Samantha Rudin Earls and Michael Rudin, representing Rudin, while the tenants, Douglas Feinberg and Jamie Hodari, represent Industrious. The landlord's interests were represented by Kevin Daly, and the tenants were represented by Ben Bouganim, Ed Wartels, and Justin Halpern from Cushman & Wakefield.

NOTE: Industrious signed a 20,000-square-foot lease at 560 Lexington Avenue, expanding its Manhattan coworking presence.

Players

2 deals
BROKER

6 deals(212) 841-7543
BROKER



CBRE
BROKERAGE

Michael Rudin
Rudin Management Company
21 deals$2B volume
LANDLORD



11 deals
TENANT

Details

LEASED
IMAGE: Jamie Hodari, Douglas Feinberg, Michael Rudin, Samantha Rudin Earls, Kevin Daly, Ben Bouganim, Justin Halpern & Ed Wartels DATE: 03/11/2025 ADDRESS: 560 Lexington Avenue MARKET: Manhattan ASSET TYPE: Office ~ SF: 20,000 LANDLORD: Samantha Rudin Earls & Michael Rudin - Rudin (@RudinManagement) TENANT: Douglas Feinberg & Jamie Hodari - Industrious LANDLORD'S REP: Kevin Daly - Rudin TENANT'S REP: Ben Bouganim, Ed Wartels & Justin Halpern - Cushman & Wakefield (@CushWake) NOTE: Industrious signed a 20,000-square-foot lease at 560 Lexington Avenue, expanding its Manhattan coworking presence.

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Deal Type
Effective Rent (Annual)

$1,146,387.93

Total Lease Value

$11,463,879.31

Net Landlord Cash Flow$1,146,387.93