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136 Madison Avenue

Lacoste USA Relocates To Midtown South With 18,364 SF Office Lease At 136 Madison Avenue
LEASEDOffice

Lacoste USA Relocates To Midtown South With 18,364 SF Office Lease At 136 Madison Avenue

136 Madison Avenue

Building Size

18,364 SF

Asset Type

Office

Closing

Sep 18, 2023

AI

Lacoste USA is relocating to Midtown South, securing an 18,364-square-foot office space at 136 Madison Ave. in the Murray Hill District of Manhattan. The office space is owned by Williams Equities, with Derek Williams as the landlord. The deal was facilitated by Colliers International, with Andrew Roos, Jessica Verdi, Mac Roos, and Michael Cohen serving as the landlord's representatives. Lacoste USA's presence in the Midtown South office market is now established thanks to this move arranged with the assistance of CBRE and Colliers International.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 18,364
  • Address: 136 Madison Avenue
  • Market: Murray Hill District, Manhattan

The landlord, Williams Equities, led by Derek Williams, played a crucial role in securing the deal with Lacoste USA. The tenant's representatives, Anthony Manginelli, Eric Deutsch, and Jared Freede from CBRE, worked alongside the landlord's representatives, Andrew Roos, Jessica Verdi, Mac Roos, and Michael Cohen from Colliers International, to finalize the agreement. This relocation marks Lacoste USA's expansion into the Midtown South office market.

Players

Jared Freede

CBRE

Broker

14 deals

Broker
WE
Williams EquitiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93