Martin J. Gruenberg Of Colliers Signs 10-Year Lease For 147,543 SF Office In Manhattan

The asset involved in this transaction is an office space located at 1166 6th Avenue in Manhattan, encompassing a total area of 147,543 square feet. The property is owned by Edward J. Minskoff Equities, which has recently completed upgrades to enhance its appeal. The current market environment supports a strong demand for office spaces in this location.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Lease Term: 10 years
• Landlord: Edward J. Minskoff, Jeffrey Sussman & Matt Pynn - Edward J. Minskoff Equities
• Tenant: Martin J. Gruenberg - Federal Deposit Insurance Corp
• Landlord's Representative: Cynthia Wasserberger, Diana Biasotti & Paul Glickman - JLL
• Tenant's Representative: Connor Faught & Sheena Gohil - Colliers

This lease transaction marks a significant relocation for the Federal Deposit Insurance Corp, which is moving from the Empire State Building to this new site. The professionals involved in facilitating this transaction included representatives from JLL and Colliers, who played vital roles in negotiating terms favorable to both the landlord and the tenant.