Francisco Partners Expands Midtown Office With 10-Year Lease At 1155 6th Avenue

The property asset involved in the transaction is located at 1155 6th Avenue in Midtown Manhattan. It is an office asset with a total square footage of 17,246 and an asking rent of $110 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $110/ft
• Address: 1155 6th Avenue
• Market: Midtown Manhattan
• Landlord: Jonathan Durst - Durst Organization
• Tenant: Dipanjan Deb - Francisco Partners
• Landlord's Representative: Rocco Romeo - The Durst Organization
• Tenant's Representatives: David Falk & Eric Cagner - Newmark
• Lease Term: 10 years

This lease agreement marks Francisco Partners' expansion of its Midtown office, coinciding with their recent acquisition of Quorum Software from Thoma Bravo for $2.4 billion.