Penta Group Signs Seven-Year Lease For 10,539 SF Office In Midtown Manhattan

The asset involved in this lease transaction is an office space located at 111 West 33rd Street in Midtown Manhattan, encompassing 10,539 square feet. The lease spans a period of seven years, with rent commencing at $76 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 111 West 33rd Street
• Market: Midtown Manhattan
• Landlord: Empire State Realty Trust
• Tenant: Penta Group
• Landlord's Representatives: Jordan Berger & Kerry Lavelle - Empire State Realty Trust; Scott Klau, Erik Harris & Neil Rubin - Newmark
• Tenant's Representatives: Alex Leopold & John Maher - CBRE

Penta Group is expanding its New York City office through this lease agreement, which represents a strategic move within the highly competitive Midtown Manhattan market. The deal involves various representatives from both the landlord and tenant sides, facilitating the smooth execution of this transaction.