Turner & Townsend Leases 24,394 Square Feet At 100 Park Avenue In Manhattan For 12 Years
100 Park Avenue
$75
$75/SF
Building Size
24,394 SF
Asset Type
Office
Closing
Feb 9, 2026
AI
100 Park Avenue is an office asset located in the Manhattan market, featuring a lease signed by Turner & Townsend for a total of 24,394 square feet at an asking rent of $75 per square foot. The lease term is set for 12 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $75/ft
- Lease Term: 12-year
- Address: 100 Park Avenue
- Market: Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Turner & Townsend
- Landlord's Rep: Harry Blair, Barry Zeller, Justin Royce & Pierce Hance - Cushman & Wakefield
- Tenant's Rep: Mary Ann Tighe & Stephen Eynon - CBRE
The transaction involved representation for both the landlord and tenant, with Cushman & Wakefield acting on behalf of SL Green and CBRE representing Turner & Townsend. This deal marks a significant relocation for the tenant from their previous location at 285 Madison Avenue.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93