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Penguin Random House Leases Office Space At 1745 Broadway, New York

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LEASED

New York

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Office603,605 SF
Leased 09/07/2016
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LEASED

Penguin Random House Leases Office Space At 1745 Broadway, New York

1745 Broadway, New York, NY, 10019

See Similar Deals
Office603,605 SF
Leased 09/07/2016
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:603,605 SF
Transaction Type:Lease

The office property located at 1745 Broadway in New York, NY 10019, boasting a total of 603,605 square feet, was leased on September 7, 2016. The tenant, Penguin Random House, signed the lease with the landlord, Ivanhoe Cambridge, in the bustling New York market. The deal was facilitated by Richard Bernstein of Cushman & Wakefield, serving as the tenant's representative.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Penguin Random House
  • Landlord: Ivanhoe Cambridge
  • Square Feet: 603,605
  • Tenant's Rep: Richard Bernstein (Cushman & Wakefield)

The notable individuals involved in this lease transaction include Richard Bernstein from Cushman & Wakefield, acting as the tenant's representative on behalf of Penguin Random House. The landlord, Ivanhoe Cambridge, played a significant role in finalizing the deal, aligning their interests with those of the tenant to secure this substantial office space in the vibrant New York market.

Players

Richard Bernstein
3 deals
BROKER

Details

LEASED
IMAGE: 09/07/2016 ADDRESS: 1745 Broadway, New York, NY, 10019 MARKET: New York ASSET TYPE: Office TENANT'S REP: Richard Bernstein(Cushman & Wakefield) TENANT: Penguin Random House LANDLORD: Ivanhoe Cambridge SQUARE FEET: 603605

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Deal Type
Effective Rent (Annual)

$34,598,274.36

Total Lease Value

$345,982,743.59

Net Landlord Cash Flow$34,598,274.36