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Bill Ready Of Pinterest Leases 83,000 Square Feet At 11 Madison Avenue From Marc Holliday
LEASED
$90
New York
See Similar DealsOffice83,000 SF
Leased 06/29/2025
LEASED
Bill Ready Of Pinterest Leases 83,000 Square Feet At 11 Madison Avenue From Marc Holliday
11 Madison Avenue
See Similar DealsOffice83,000 SF
Leased 06/29/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$90
Total Square Footage:83,000 SF
Transaction Type:Lease
The transaction involves an office asset located at 11 Madison Avenue in the Flatiron District of Manhattan. The property encompasses 83,000 square feet with an asking rent of $90 per square foot, which contributes to an occupancy rate increase to 92%.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $90/ft
- Square Footage: 83,000
- Address: 11 Madison Avenue
- Market: Flatiron District, Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Bill Ready - Pinterest
Bill Ready represents Pinterest in the lease agreement established with Marc Holliday, who represents SL Green. Pinterest is relocating from its previous 40,000-square-foot space at 225 Park Avenue South and has signed a lease for a significantly larger area at 11 Madison Avenue.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$8,563,517.85
Total Lease Value
$85,635,178.46
Net Landlord Cash Flow$8,563,517.85
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