Apple Sub-leases Office Space From Macy's In Chelsea's Pennsylvania Plaza | 11 Pennsylvania Plaza | Peter Riguardi, Martin Horner | Office | Lease

Summary

Lease

NEW YORK

Office

120,000 sqft

Apple has recently entered into a sub-lease agreement for an office space located at 11 Pennsylvania Plaza in Chelsea. The sub-lessor, Macy's, has agreed to lease the property to Apple for a term of 6 years. The office space spans approximately 120,000 square feet, with an asking rent of around $60 per square foot.

Summary of transaction details

Property Type: Office
Transaction Amount: Not applicable
Address: 11 Pennsylvania Plaza
Market: Chelsea

In this deal, Apple acted as the sub-lessee, while Macy's served as the sub-lessor. The landlord of the property is Vornado Realty Trust, represented by Steve Roth and Haim Chera. Apple's representatives in the transaction were Peter Riguardi and Martin Horner LL, who worked alongside Macy's to finalize the agreement.

Players

All
3

Agents
2
Agencies
1

Peter Riguardi

Chairman and President

Martin Horner

International Director

JLL

Details

Deal Summary

LEASED

IMAGE: Steven Roth, Peter Riguardi, Tim Cook, Martin Horner, Haim Chera DATE: 02/24/2020 ADDRESS: 11 Pennsylvania Plaza MARKET: Chelsea ASSET TYPE: Office SUB-LESSOR: @Macys SUB-LESSEE: @Apple LANDLORD: @VornadoRealtyTrust - Steve Roth & Haim Chera TENANT’S REP: Peter Riguardi & Martin Horner - @JLL ASKING RENT: $60/ft. (Approx.) ~ SF: 120,000 (Approx.) TERM: 6 years

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Address11 Pennsylvania Plaza

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