Synthesia Inc Leases Office At 245 5th Avenue In New York City

The office space located at 245 5th Avenue in New York City has been leased. The property, measuring 6,490 square feet, was leased by Synthesia Inc, an AI company backed by Mark Cuban. Synthesia Inc specializes in AI-powered video generation and allows users to turn text or slide deck presentations into videos with talking avatars. The leased space will serve as the company's headquarters in New York City.

Summary of transation details

• Property Type: Office
• Transaction Amount: Lease
• Address: 245 5th Avenue, New York City
• Market: New York City
• Tenant: Synthesia Inc - Mark Cuban
• Tenant's Representative: Daniel Lolai & Eric Siegel - LSL Advisors
• Landlord: Moinian Group & Thor Equities
• Landlord's Representatives: Heather Thomas & Ronald Lo Russo - Cushman & Wakefield
• Asking Rent: $76/ft
• Square Footage: 6,490

This lease transaction was facilitated by the landlords' representatives, Heather Thomas and Ronald Lo Russo from Cushman & Wakefield, and the tenant's representatives, Daniel Lolai and Eric Siegel from LSL Advisors. The lease agreement allows Synthesia Inc to establish its operations in a prime location within New York City, supporting the company's growth as a leading AI-powered video generation platform.