TD Securities Expands Office Lease At SL Green's 125 Park Avenue In Manhattan For 181447 SF
125 Park Avenue
Building Size
181,447 SF
Asset Type
Office
Closing
Mar 9, 2026
AI
The property asset involved in this transaction is an office space located at 125 Park Avenue in Manhattan. It encompasses a total of 181,447 square feet, accommodating the tenant, TD Securities, who has expanded its offices through a 10-year lease agreement. This expansion adds 51,081 square feet on the 21st and 22nd floors to the existing space occupied by the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 125 Park Avenue
- Market: Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: TD Securities
- Tenant's Representatives: Ryan Alexander, Matthew Saker, Matthew Saker & Nicole Marshall - CBRE
- Landlord's Representatives: Brian Waterman, David Falk, Peter Shimkin & Daniel Levine - Newmark
This transaction highlights the collaboration between key individuals and firms, with the landlord, SL Green, represented by a team from Newmark, and the tenant, TD Securities, represented by CBRE. The deal signifies an important development in the office leasing sector in Manhattan, reflecting the strategic expansion plans of TD Securities in this upscale market.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93