Monday.com Leases 140,000 SF Office Space At 225 Park Avenue South From SageHall

The asset involved in the transaction is an office property located at 225 Park Avenue South in the Flatiron District of Manhattan. The lease type is a single net lease, and the asking rent is $125 per square foot, covering a total of 140,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $125/ft
• Lease Type: Single Net Lease
• Landlord: SageHall
• Tenant: Monday.com
• Brokers: Kirill Azovtsev & James Wenk - Savills
• Date: 12/1/2025

The deal features brokers Kirill Azovtsev and James Wenk representing the interests of the landlord and tenant respectively. They are associated with Savills and played a key role in facilitating this transaction.