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Sumitomo Mitsui Banking Corporation Expands Lease To 316000 SF At 277 Park Avenue, Midtown Manhattan

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LEASED

New York

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Office316,000 SF
Leased 07/02/2025
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LEASED

Sumitomo Mitsui Banking Corporation Expands Lease To 316000 SF At 277 Park Avenue, Midtown Manhattan

277 Park Avenue New York

See Similar Deals
Office316,000 SF
Leased 07/02/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:316,000 SF
Transaction Type:Lease

The property asset involved in this transaction is an office building located at 277 Park Avenue in the Midtown Manhattan market. The total square footage of the asset is 316,000, following an expansion by the tenant. The landlord for this lease is Stahl Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 277 Park Avenue
  • Market: Midtown Manhattan
  • Landlord: Stahl Organization
  • Tenant: Sumitomo Mitsui Banking Corporation (SMBC)
  • Brokers: Mark Boisi, Bryan Boisi & Stephen Bellwood - Cushman & Wakefield

The deal involved Sumitomo Mitsui Banking Corporation expanding its lease by 50,000 square feet, bringing their total space in the building to 316,000 square feet. The brokers representing the parties in this transaction are from Cushman & Wakefield, specifically Mark Boisi, Bryan Boisi, and Stephen Bellwood.

Players

Stephen Bellwood
9 deals(212) 318-9785
BROKER



Cushman & Wakefield
BROKERAGE


Details

LEASED
IMAGE: Bryan Boisi, Mark Boisi & Stephen Bellwood DATE: 07/02/2025 ADDRESS: 277 Park Avenue MARKET: Midtown Manhattan ASSET TYPE: Office ~ SF: 316,000 LANDLORD: Stahl Organization TENANT: Sumitomo Mitsui Banking Corporation (SMBC) BROKERS: Mark Boisi, Bryan Boisi & Stephen Bellwood - Cushman & Wakefield (@CushWake) NOTE: Sumitomo Mitsui Banking Corporation expanded its lease by 50,000 SF at Stahl Organization’s 277 Park Avenue, bringing its total space in the tower to 316,000 SF.

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Deal Type
Effective Rent (Annual)

$18,112,929.31

Total Lease Value

$181,129,293.12

Net Landlord Cash Flow$18,112,929.31