CreditSights Leases 28,000 SF At 2 Park Avenue Through Savills' Rep Nicholas Farmakis

The leased property is located at 40 E 33rd St, New York, NY, 10016, within the New York market. CreditSights, a research firm, signed a lease for approximately 28,000 square feet in a commercial asset owned by Morgan Stanley Real Estate Fund. The 10-year lease commenced on March 14, 2018, with a starting rent in the mid-$60s per square foot.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: Not specified
• Address: 40 E 33rd St, New York, NY, 10016
• Tenant: CreditSights
• Tenant's Representative: Nicholas "Nick" Farmakis - Savills
• Landlord: Morgan Stanley Real Estate Fund
• Square Feet: 28,000
• Lease Duration: 10 years

As part of the transaction, CreditSights is currently located at TH Real Estate’s 470 Park Avenue South, where it occupies about 20,000 square feet under a lease expiring in late 2021. A Cushman & Wakefield team, led by Tara Stacom, manages leasing at the 981,000-square-foot property at 2 Park Avenue.