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SL Green Realty Leases Office Space To Franklin Templeton Investments In Flatiron District

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LEASED
John Cushman
Jeff Cushman
+ 7

New York

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Office347,474 SF
Leased 09/29/2022
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Property Image
LEASED

SL Green Realty Leases Office Space To Franklin Templeton Investments In Flatiron District

23 East 22nd Street, New York City, New York 10010, United States

See Similar Deals
Office347,474 SF
Leased 09/29/2022
John Cushman
Jeff Cushman
+ 7
Contact now

Summary

NEW YORK
Asset Type:Office
Total Square Footage:347,474 SF
Transaction Type:Lease

An office space located at 23 E. 22nd St. in Flatiron was recently leased. The lease transaction took place on September 29, 2022. The landlord, SL Green Realty, was represented by Marc Holliday. The tenant, Franklin Templeton Investments, secured the lease with the assistance of their representatives, Robert Lowe, Jeff Cushman, John Cushman, Peyton Horn, and Paige Engeldrum from Cushman & Wakefield. The landlord's representation was provided by Paul Glickman, Alexander Chudnoff, Diana Biasotti, and Benjamin Bass from JLL. The lease terms are for a period of 15 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 09/29/2022
  • Address: 23 E. 22nd St.
  • Market: Flatiron
  • Asking Rent: $145/ft.
  • Square Footage: 347,474

This lease transaction showcases SL Green Realty's successful lease of an office space to Franklin Templeton Investments. The deal was facilitated by the respective representatives from Cushman & Wakefield and JLL. The long-term lease agreement is a notable move in the Flatiron market, providing Franklin Templeton Investments with a strategic location for their operations.

Players

Robert Lowe
22 deals
BROKER

Alexander Chudnoff
JLL
19 deals$38.2M volume
BROKER

Benjamin Bass
JLL
27 deals$770M volume(212) 812-6026
BROKER

Peyton Horn
Cushman & Wakefield
2 deals
BROKER

Paul Glickman
JLL
27 deals
BROKER

Jeff Cushman
Cushman & Wakefield
4 deals
BROKER

John Cushman
Cushman & Wakefield
2 deals
BROKER

Paige Engeldrum
Cushman & Wakefield
4 deals
BROKER

Diana Biasotti
JLL
23 deals
BROKER

Marc Holliday
SL Green
39 deals$9.6B volume
LANDLORD

TENANT

Details

LEASED
IMAGE: Marc Holliday DATE: 09/29/2022 ADDRESS: 23 E. 22nd St. MARKET: Flatiron ASSET TYPE: Office LANDLORD: SL Green Realty (@SLGreen_Realty) - Marc Holliday TENANT: Franklin Templeton Investments (@FranklinTempleton) TENANT'S REP: Robert Lowe, Jeff Cushman, John Cushman, Peyton Horn & Paige Engeldrum - Cushman & Wakefield (@CushWake) LANDLORD'S REP: Paul Glickman, Alexander Chudnoff, Diana Biasotti & Benjamin Bass - JLL (@JLL) ASKING RENT: $145/ft. ~ SF: 347,474 LEASE TERMS: 15-year

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Deal Type
Effective Rent (Annual)

$19,917,000.00

Total Lease Value

$199,169,999.99

Net Landlord Cash Flow$19,917,000.00