Marathon Asset Management Leases 37000 Square Feet At 1101 Avenue Of The Americas

The property involved in this transaction is located at 1101 Avenue of the Americas in New York City. Marathon Asset Management signed an early renewal of its lease for 37,000 square feet on the 38th floor. The lease was originally set to expire on August 31, 2018, and the firm had not occupied the 39th floor, which is managed by the Durst Organization.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 1101 Avenue of the Americas, New York
• Tenant: Marathon Asset Management
• Landlord: Durst Organization
• Square Feet: 37,000
• Tenant's Representatives: Alexander Chudnoff (JLL), Daniel Turkewitz (JLL)
• Landlord's Representatives: Thomas Bow, Rocco Romeo

The deal includes a 10-year lease agreement. While Marathon Asset Management will continue its lease on the 38th floor, the landlord plans to market the 39th floor at an approximate rate of $150 per square foot. The transaction reflects a strategic decision by Marathon Asset Management regarding its lease commitments.