Parques Reunidos Leases 11 Times Square Office From Norges Bank In New York
LEASED
New York
See Similar DealsOffice45,000 SF
Leased 09/25/2017
LEASED
Parques Reunidos Leases 11 Times Square Office From Norges Bank In New York
11 Times Square, New York, NY, 10036
See Similar DealsOffice45,000 SF
Leased 09/25/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:45,000 SF
Transaction Type:Lease
The office property located at 11 Times Square, New York, NY, 10036, in the New York market, was leased for a total of 45,000 square feet. The tenant, Parques Reunidos, was represented by Robert K. Futterman of Newmark in this transaction. The landlord for this lease deal was Norges Bank Investment Management.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 11 Times Square, New York, NY, 10036
- Market: New York
- Tenant: Parques Reunidos
- Tenant's Rep: Robert K. Futterman (Newmark)
- Landlord: Norges Bank Investment Management
- Square Feet: 45,000
The involvement of Robert K. Futterman from Newmark as the tenant's representative exemplifies the experienced real estate professionals handling this transaction. Their expertise in negotiating leases for sizable office spaces is evident in the successful conclusion of this deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,579,372.85
Total Lease Value
$25,793,728.45
Net Landlord Cash Flow$2,579,372.85
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