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Suvretta Capital Management Leases Office Space At 11 East 26th Street In Manhattan

Property Image
LEASED
$145
Jarod Stern
HE
Adele Werner

New York

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Office12,134 SF
Leased 05/27/2025
the dealplayerscompscontact
Property Image
LEASED

Suvretta Capital Management Leases Office Space At 11 East 26th Street In Manhattan

11 East 26th Street

See Similar Deals
Office12,134 SF
Leased 05/27/2025
Jarod Stern
HE
Adele Werner
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$145
Total Square Footage:12,134 SF
Transaction Type:Lease

11 East 26th Street is an office asset located in Manhattan's NoMad neighborhood. Suvretta Capital Management signed an 11-year lease for the space, which encompasses 12,134 square feet, at an asking rent of $145 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $145/ft
  • Square Footage: 12,134 SF
  • Address: 11 East 26th Street
  • Market: Manhattan
  • Lease Term: 11 years
  • Landlord: Henry Elghanayan - Rockrose Development
  • Tenant: Aaron Cowen - Suvretta Capital Management
  • Landlord's Representative: Ariel Harwood - Newmark
  • Tenant's Representatives: Jarod Stern & Adele Werner - Savills

Henry Elghanayan represents Rockrose Development in this transaction, while tenants Aaron Cowen leads the representation from Suvretta Capital Management. The lease signifies a relocation from 540 Madison Avenue to the new premises at 11 East 26th Street.

Players

Jarod Stern
Savills
Jarod Stern
5 deals(212) 326-8654
BROKER
Newmark
Newmark
BROKERAGE
Adele Werner
Savills
Adele Werner
1 deal(212) 588-3471
BROKER
Newmark
Newmark
BROKERAGE
HE
Rockrose Development
Henry Elghanayan
7 deals$251.2M volume
LANDLORD

Details

LEASED
IMAGE: William Cohen, Ariel Harwood, Henry Elghanayan, Adele Werner, Aaron Cowen & Jarod Stern DATE: 05/27/2025 ADDRESS: 11 East 26th Street MARKET: Manhattan ASSET TYPE: Office LANDLORD: Henry Elghanayan - Rockrose Development (@RockroseNY) TENANT: Aaron Cowen - Suvretta Capital Management LANDLORD'S REP: & Ariel Harwood (@Ariel.Harwood) - Newmark (@Newmark) TENANT'S REP: Jarod Stern & Adele Werner - Savills (@Savills) ASKING RENT: $145/ft ~ SF: 12,134 LEASE TERM: 11-year lease NOTE: Suvretta Capital Management signed an 11-year lease for 12,134 square feet at 11 East 26th Street in Manhattan’s NoMad neighborhood, relocating from 540 Madison Avenue.

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Deal Type
Effective Rent (Annual)

$2,016,989.32

Total Lease Value

$20,169,893.18

Net Landlord Cash Flow$2,016,989.32