Cigna Renews Lease For 32700 Square Feet At 2 Grand Central Tower In Midtown Manhattan
140 East 45th Street
Building Size
32,700 SF
Asset Type
Office
Closing
Jan 29, 2026
AI
The asset involved in this lease transaction is an office space located at 140 East 45th Street in Midtown Manhattan. The property comprises a total of 32,700 square feet and is situated within the bustling market of Midtown Manhattan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 140 East 45th Street
- Market: Midtown Manhattan
- Square Footage: 32,700
- Landlord: Sovereign Partners
- Tenant: Cigna
- Brokers: Anthony Dattoma, Neil King, Paul Amrich, Meghan Allen & Alexander Golod - CBRE
Cigna has renewed its lease for the office space across two floors at 2 Grand Central Tower, marking a relocation within the same building. The transaction was brokered by a team from CBRE consisting of Anthony Dattoma, Neil King, Paul Amrich, Meghan Allen, and Alexander Golod.
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