Purple Leases 24,000 Square Feet Office Space At 16 Madison Square West In Flatiron District

16 Madison Square W is situated in Manhattan's Flatiron District and serves as an office asset. The lease for this property has been set at an asking rent of $70 per square foot for a total of 24,000 square feet. The lease term is established for 10 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $70/ft
• Address: 16 Madison Sq W
• Market: Flatiron District
• Lease Term: 10 years
• Landlord: Adams & Company
• Tenant: Purple
• Landlord's Representative: Ben Levy & Jeff Buslik - Adams & Company
• Tenant's Representative: Simon Landmann, Harrison Potter & Graham Jameson - JLL
• Square Footage: 24,000

Purple, a lifestyle PR firm based in London with global offices, has signed this lease, relocating from 322 Eighth Avenue. The transaction involved key representatives from both sides who facilitated the agreement, securing this significant office space in a prime location.