facebook
Traded Co logo
Submit

Franklin Templeton Acquires Lease At 23 E 22nd St New York From SL Green For 347474 Sq Ft

Property Image
LEASED
Jeff Cushman
Diana Biasotti
+ 2

New York

See Similar Deals
Office347,474 SF
the dealplayerscompscontact
Property Image
LEASED

Franklin Templeton Acquires Lease At 23 E 22nd St New York From SL Green For 347474 Sq Ft

23 E 22nd St, New York, NY, 10010

See Similar Deals
Office347,474 SF
Jeff Cushman
Diana Biasotti
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:347,474 SF
Transaction Type:Lease

Franklin Templeton has signed a lease for office space located at 23 E 22nd St, New York, NY, 10010, covering 347,474 square feet. The property is situated in the New York market and is part of One Madison Avenue, which is currently under construction and is scheduled for completion in November 2023.

Summary of transation details:

One Madison Avenue is now 55 percent preleased, with notable tenants including IBM, which occupies 328,000 square feet, and Chelsea Piers Fitness, utilizing 56,000 square feet. The brokerage team of Cushman & Wakefield, consisting of Rob Lowe, Jeff Cushman, and John Cushman, played a significant role in representing Franklin Templeton during the lease negotiations, while JLL, comprising Paul Glickman, Alex Chudnoff, Diana Biasotti, and Ben Bass, represented SL Green.

Players

Alexander Chudnoff
19 deals$38.2M volume
BROKER

Paul Glickman
JLL
27 deals
BROKER

Jeff Cushman
Cushman & Wakefield
4 deals
BROKER

John Cushman
Cushman & Wakefield
2 deals
BROKER

Diana Biasotti
JLL
23 deals
BROKER

SL Green
LANDLORD

Details

LEASED
IMAGE: 23 E 22nd St, New York, NY, 10010 MARKET: New York TENANT'S REP: Jeff Cushman & John Cushman - Cushman & Wakefield TENANT: Franklin Templeton LANDLORD: SL Green LANDLORD'S REPRESENTATIVES: Paul Glickman, Alex Chudnoff, Diana Biasotti, Ben Bass - JLL SQUARE FEET: 347474

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$19,917,000.00

Total Lease Value

$199,169,999.99

Net Landlord Cash Flow$19,917,000.00