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Portage Point Partners Leases 55000 Square Feet Office From Vornado Realty Trust In Manhattan
LEASED
New York
See Similar DealsOffice55,000 SF
Leased 12/08/2025
LEASED
Portage Point Partners Leases 55000 Square Feet Office From Vornado Realty Trust In Manhattan
1290 6th Avenue
See Similar DealsOffice55,000 SF
Leased 12/08/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:55,000 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 1290 6th Avenue, Manhattan, encompassing an office space of 55,000 square feet. This lease involves Portage Point Partners, which will utilize the new space as an expansion from their previous 22,000-square-foot sublease at 640 Fifth Avenue.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1290 6th Avenue
- Market: Manhattan
- Landlord: Steven Roth - Vornado Realty Trust
- Tenant: Matthew Guckel - Portage Point Partners
The deal highlights Steven Roth's representation as the landlord through his company Vornado Realty Trust, while Matthew Guckel represents Portage Point Partners as the tenant in this leasing agreement.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,152,566.81
Total Lease Value
$31,525,668.11
Net Landlord Cash Flow$3,152,566.81
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