The asset involved in this transaction is an office space located at 1177 6th Avenue in Midtown Manhattan. The asking rent was set at $80 per square foot for a total of 49,264 square feet. The lease agreement has been established for the 7th and 8th floors of the building.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $3,941,120
• Lease Date: 05/19/2025
• Landlord: Lisa Silverstein - Silverstein Properties
• Tenant: Starr Insurance
• Landlord's Representative: Anthony LoPresti, Caroline Collins, Lou D’Avanzo - Cushman & Wakefield & Harlan Strader - Silverstein Properties
• Tenant's Representative: Alex Lachmund, John Picco & Peter Kerans - Cushman & Wakefield

This lease marks Starr Insurance's expansion of its NYC regional headquarters, affirming its presence in the office space market with a significant commitment to this new location, reflecting a strategic move for the company.