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Major League Baseball Players Association Signs 15-Year Lease At 1325 6th Avenue, Midtown Manhattan
LEASED
$77
+ 4
New York
See Similar DealsOffice50,000 SF
Leased
LEASED
Major League Baseball Players Association Signs 15-Year Lease At 1325 6th Avenue, Midtown Manhattan
Office50,000 SF
Leased
+ 4
Summary
Asset Type:Office
Price Per Square Foot:$77
Total Square Footage:50000 SF
Transaction Type:Lease
The office asset located at 1325 6th Avenue in Midtown, Manhattan consists of 50,000 square feet and is leased at an asking rent of $77 per square foot. The landlord of the property is Paramount Group, represented by Albert Behler.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $77/ft
- Square Footage: 50,000
- Address: 1325 6th Avenue
- Market: Midtown, Manhattan
- Landlord: Paramount Group - Albert Behler
- Tenant: Major League Baseball Players Association - Robert Dean Manfred Jr.
- Landlord's Representative: Andrew Coe, Clark Finney, David Kleiner & Frank Doyle - JLL
- Tenant's Representative: Patrick Murphy & Will Yeatman - Cushman & Wakefield
The Major League Baseball Players Association has signed a 15-year lease to relocate its headquarters to this property, illustrating a significant commitment to the new location in Midtown, Manhattan.
Players
LENDER
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,413,593.53
Total Lease Value
$44,135,935.35
Net Landlord Cash Flow$4,413,593.53
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