Vornado Realty Trust Leases 15000 Square Feet At 1290 6th Ave New York

The property involved in the transaction is located at 1290 6th Ave, New York, NY, 10104. It is a commercial lease comprising 15,000 square feet within a 43-story, 2.1 million-square-foot tower. The building is owned by Vornado Realty Trust, and the market for this property is New York.

Summary of transation details:

• Property Type: Lease
• Transaction Amount: Not disclosed
• Address: 1290 6th Ave, New York, NY, 10104
• Landlord: Vornado Realty Trust
• Landlord's Representatives: Josh Glick, Glen Weiss (both from Vornado Realty Trust)
• Tenant: Cushman & Wakefield
• Lease Term: Through 2025
• Rents: In the high $80s per square foot
• Current Location for Relocation: 277 Park Avenue
• Previous Acquisition: Massey Knakal in early 2015

Key individuals involved in the deal include John Santora, president of Cushman's tristate region, who indicated the expansion will facilitate the relocation of employees from other premises and allow for space renovations. The Vornado leasing team, consisting of Glen Weiss, Eddie Riguardi, and Josh Glick, negotiated the terms of the expansion for Cushman, which will enable them to bring in brokers from Massey Knakal.