The asset involved in this transaction is an office space located at 11 Madison Avenue in Manhattan, comprising 163,095 square feet within a 2.3 million-square-foot tower owned by SL Green Realty. The property is leased under a 10-year term.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Landlord: Marc Holliday - SL Green
• Tenant: Clay
• Brokers: Aaron Ellison, Derek Feinman, Brian Waterman, Brent Ozarowski, Erik Harris & Adam Spector - Newmark
• Lease Term: 10 years

Clay signed the lease to relocate from 111 West 19th Street as the company surpasses $100 million in annual recurring revenue. The deal involves multiple brokers from Newmark, representing the landlord and tenant in this significant office lease transaction.