The asset involved in this lease transaction is an office space located at 11 Pennsylvania Plaza in Manhattan. The asking rent for the property is $90 per square foot, and it encompasses a total of 550,000 square feet. This transaction expands Apple’s presence in the building as they add 95,000 square feet across two floors, with the lease running through 2035.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $90/ft
• Square Footage: 550,000
• Address: 11 Pennsylvania Plaza
• Market: Manhattan
• Landlord: Steven Roth - Vornado Realty Trust
• Tenant: Tim Cook - Apple
• Broker: David Endelman - JLL

This transaction highlights key individuals including Steven Roth, representing Vornado Realty Trust as the landlord, and Tim Cook, representing Apple as the tenant. David Endelman of JLL acted as the broker facilitating this lease agreement.