Latham & Watkins Signs 12-Year Lease For 120000 Square Feet At 1285 6th Avenue
1285 6th Avenue
Building Size
120,000 SF
Asset Type
Office
Closing
Jul 31, 2025
AI
The property asset involved in the transaction is an office located at 1285 6th Avenue in Midtown Manhattan. The asset encompasses 120,000 square feet of space, reflecting a significant presence in the market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1285 6th Avenue
- Market: Midtown Manhattan
- Landlord: Scott Rechler - RXR Realty
- Tenant: Latham & Watkins
- Lease Term: 12-year
- Landlord's Representative: William Elder & Daniel Birney - RXR Realty
- Tenant's Representative: Scott Gamber, Craig Reicher & Emily Jones Chabrier - CBRE
Latham & Watkins has entered into a 12-year lease agreement to expand its footprint in Midtown Manhattan, occupying space at RXR’s 1285 Avenue of the Americas. This deal was facilitated by representatives from both the landlord and tenant sides, highlighting the collaborative effort involved in securing the lease.
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