The office asset located at 240 West 37th Street spans 15,500 square feet in the Midtown South market. The transaction was conducted under a Modified Gross Lease with an asking rent of $52 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $52/ft
• Address: 240 West 37th Street
• Market: Midtown South
• Lease Type: Modified Gross Lease
• Landlord: Sioni Group
• Tenant: Hyro Inc & Reform Alliance
• Landlord's Representative: Daniel Lolai, Chery Anavian & Raymond (Ray Balas) Balassiano - LSL Advisors
• Tenant's Representative: Eric Siegel, Raphael (Ralph) Zar - LSL Advisors, Greg Herman & Dale Schlather - Cushman & Wakefield

The transaction involved key representatives from both the landlord and tenant sides. The landlord's interests were represented by Daniel Lolai, Chery Anavian, and Raymond (Ray Balas) Balassiano from LSL Advisors, while the tenant was represented by Eric Siegel and Raphael (Ralph) Zar from LSL Advisors, alongside Greg Herman and Dale Schlather from Cushman & Wakefield.