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
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