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Cushman & Wakefield Arranges 50,000 SF Office Lease At 277 Park Avenue

Property Image
LEASED
Bryan Boisi
Stephen Bellwood
+ 2

New York

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Office50,000 SF
Leased 03/19/2024
the dealplayerscompscontact
Property Image
LEASED

Cushman & Wakefield Arranges 50,000 SF Office Lease At 277 Park Avenue

277 Park Avenue

See Similar Deals
Office50,000 SF
Leased 03/19/2024
Bryan Boisi
Stephen Bellwood
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:50,000 SF
Transaction Type:Lease

Located at 277 Park Avenue in Midtown Manhattan, this office space spans 50,000 square feet on the 15th floor of the building. The landlord, Maarten Heijbroek of Stahl Organization, finalized a lease with Sumitomo Corp.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 277 Park Avenue
  • Market: Midtown Manhattan
  • Landlord: Maarten Heijbroek - Stahl Organization
  • Tenant: Sumitomo Corp

Cushman & Wakefield, represented by Bryan Boisi, Mark Boisi, and Stephen Bellwood, acted as the landlord's representatives in the deal. On the other side, Eva Shih and Marc Shapses from Savills served as the tenant's representatives for the lease agreement.

Players

Eva Shih
2 deals
BROKER

Stephen Bellwood
Cushman & Wakefield
9 deals(212) 318-9785
BROKER



Details

LEASED
IMAGE: Bryan Boisi, Mark Boisi, Maarten Heijbroek, Stephen Bellwood, Marc Shapses & Eva Shih DATE: 03/19/2024 ADDRESS: 277 Park Avenue MARKET: Midtown Manhattan ASSET TYPE: Office ~ SF: 50,000 LANDLORD: Maarten Heijbroek - Stahl Organization TENANT: Sumitomo Corp LANDLORD'S REP: Bryan Boisi, Mark Boisi & Stephen Bellwood - Cushman & Wakefield TENANT'S REP: Eva Shih & Marc Shapses - Savills NOTE: Cushman & Wakefield brokered a 50,000-square-foot office lease at 277 Park Avenue in Midtown Manhattan, with Sumitomo Corp. of the Americas set to occupy the entire 15th floor of the 1.8 million-square-foot building.

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Deal Type
Effective Rent (Annual)

$2,865,969.83

Total Lease Value

$28,659,698.28

Net Landlord Cash Flow$2,865,969.83