Clay Leases 163095 Square Feet At 11 Madison Avenue For 10 Years With SL Green Realty

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.