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Quest Partners Signs 11-Year Lease At 110 East 59th Street In Manhattan

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LEASED

New York

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Office13,284 SF
Leased 06/14/2024
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LEASED

Quest Partners Signs 11-Year Lease At 110 East 59th Street In Manhattan

110 East 59th Street

See Similar Deals
Office13,284 SF
Leased 06/14/2024
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:13,284 SF
Transaction Type:Lease

The office space at 110 East 59th Street in Manhattan's Plaza District spans 13,284 square feet. The lease, signed by Quest Partners, a quantitative hedge fund, has a duration of 11 years. The property is owned by Brett Greenberg & Fran Delgorio, representing Jack Resnick & Sons, while the tenant was facilitated by brokers Hugh McDonald & Munish Viralam from CBRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 110 East 59th Street
  • Market: Manhattan
  • Asset Type: Office
  • Square Footage: 13,284
  • Landlord: Brett Greenberg & Fran Delgorio - Jack Resnick & Sons
  • Tenant: Quest Partners
  • Brokers: Hugh McDonald & Munish Viralam - CBRE
  • Lease Term: 11-year lease

The deal saw Quest Partners, led by brokers Hugh McDonald & Munish Viralam, secure a new office space at 110 East 59th Street, leaving Tower 56 for the Plaza District. Landlord Jack Resnick & Sons was represented in-house for this 11-year lease agreement.

Players

Munish Viralam
3 deals(212) 984-6681
BROKER

Details

LEASED
IMAGE: Munish Viralam, Brett Greenberg & Hugh McDonald DATE: 06/14/2024 ADDRESS: 110 East 59th Street MARKET: Manhattan ASSET TYPE: Office ~ SF: 13,284 LANDLORD: Brett Greenberg & Fran Delgorio - Jack Resnick & Sons TENANT: Quest Partners BROKERS: Hugh McDonald & Munish Viralam - CBRE LEASE TERM: 11-year lease NOTE: Quantitative hedge fund Quest Partners signed an 11-year lease for 13,284 square feet at 110 East 59th Street in Manhattan's Plaza District. The move from Tower 56 is facilitated by CBRE, while landlord Jack Resnick & Sons was represented in-house.

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Deal Type
Effective Rent (Annual)

$761,430.86

Total Lease Value

$7,614,308.64

Net Landlord Cash Flow$761,430.86