Allied Partners Leases Office Space To PPT Management At 254 West 54th Street In Midtown Manhattan

The asset involved in this transaction is an office space located at 254 West 54th Street in Midtown Manhattan. The lease is a Modified Gross Lease with an asking rent of $60 per square foot for a total area of 5,257 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60/ft
• Lease Type: Modified Gross Lease
• Address: 254 West 54th Street
• Market: Midtown Manhattan
• Landlord: Allied Partners
• Tenant: PPT Management
• Landlord's Rep: Lazaro Rabanales, Christopher Okada & Parveen Rampersaud - Okada & Company
• Tenant's Rep: Michael Leff - Savills
• Square Footage: 5,257

The key individuals involved in this transaction include Lazaro Rabanales, Christopher Okada, and Parveen Rampersaud, representing the landlord, Allied Partners. Michael Leff represented the tenant, PPT Management, facilitating the lease agreement.