Oaktree Capital Management Leases 79000 Square Feet At Vornado's 1290 Sixth Avenue In Midtown Manhattan

The asset involved in this transaction is an office space located at 1290 6th Avenue in Midtown Manhattan. The lease agreement was established with an asking rent of $98 per square foot for a total space of 79,000 square feet. Following this lease, there remains 120,000 square feet available in the building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $98/ft
• Address: 1290 6th Avenue
• Market: Midtown Manhattan
• Landlord: Steven Roth - Vornado
• Tenant: Bruce Karsh & Robert O'Leary - Oaktree Capital Management
• Broker: John Nugent - CBRE

The deal involved key representatives including Steven Roth from Vornado, who acted as the landlord, and Bruce Karsh and Robert O'Leary, who represented Oaktree Capital Management as the tenants. John Nugent from CBRE facilitated the transaction as the broker.