Bill Ready Of Pinterest Leases 83,000 Square Feet At 11 Madison Avenue From Marc Holliday

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.