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Goodwin Procter Leases 250000 Square Feet Office Space At 200 5th Avenue In New York
LEASED
+ 3
New York
See Similar DealsOffice250,000 SF
Leased 04/03/2025
LEASED
Goodwin Procter Leases 250000 Square Feet Office Space At 200 5th Avenue In New York
200 5th Avenue
See Similar DealsOffice250,000 SF
Leased 04/03/2025
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:250,000 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 200 5th Avenue in the Flatiron District. The asset encompasses 250,000 square feet, with a 20-year lease established for its use.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Owen D. Thomas & Hilary Spann - BXP
- Tenant: Anthony McCusker - Goodwin Procter
- Brokers: Anthony LoPresti, Bianca DiMauro, Bruce Mosler, Ethan Silverstein & Mark Weiss - Cushman & Wakefield
- Lease Term: 20 years
Goodwin Procter has signed a lease for the above-mentioned office space, which signifies the company's relocation from The New York Times Building, indicating a strategic move within New York's commercial real estate market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$14,329,849.14
Total Lease Value
$143,298,491.39
Net Landlord Cash Flow$14,329,849.14
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