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

Property Image
LEASED
Bruce Mosler
Alexander (Alex) Jinishian
+ 3

New York

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Office15,000 SF
Leased 12/20/2017
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Property Image
LEASED

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

1290 6th Ave, New York, NY, 10104

See Similar Deals
Office15,000 SF
Leased 12/20/2017
Bruce Mosler
Alexander (Alex) Jinishian
+ 3
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:15,000 SF
Transaction Type:Lease

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.

Players

Josh Kuriloff
16 deals$85.4M volume
BROKER

Bruce Mosler
Cushman & Wakefield
17 deals
BROKER





Vornado Realty Trust
TENANT

Details

LEASED
IMAGE: 1290 6th Ave, New York, NY, 10104 MARKET: New York LANDLORD'S REP: Josh Glick(Vornado Realty Trust), Glen Weiss(Vornado Realty Trust) TENANT: LANDLORD: Vornado Realty Trust SQUARE FEET: 15000

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Deal Type
Effective Rent (Annual)

$859,790.95

Total Lease Value

$8,597,909.48

Net Landlord Cash Flow$859,790.95