Lowenstein Sandler Leases Office Space At 1251 Avenue Of The Americas, New York
LEASED
National
See Similar DealsOffice125,000 SF
Leased 09/27/2021
LEASED
Lowenstein Sandler Leases Office Space At 1251 Avenue Of The Americas, New York
1251 Avenue of the Americas, New Yo...
See Similar DealsOffice125,000 SF
Leased 09/27/2021
Summary
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:125,000 SF
Transaction Type:Lease
The property at 1251 Avenue of the Americas in New York is an office building spanning 125,000 square feet. The lease for this property was finalized on September 27, 2021. The tenant, Lowenstein Sandler, secured this space with the assistance of their representative, Michael Goldman from MGA. The landlord for this office building is Mitsui Fudosan America.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Lowenstein Sandler
- Tenant's Rep: Michael Goldman(MGA)
- Landlord: Mitsui Fudosan America
- Square Feet: 125,000
The involvement of Michael Goldman from MGA as the tenant's representative highlights the personalized approach taken by Lowenstein Sandler in securing the lease for the office space. Mitsui Fudosan America, as the landlord, facilitated the transaction, ensuring a smooth agreement for the 125,000 square feet of office space in the heart of New York.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,164,924.57
Total Lease Value
$71,649,245.70
Net Landlord Cash Flow$7,164,924.57
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