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Condé Nast Subleases 48,026 SF Office Space To Kroll In Downtown Manhattan

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LEASED
$59
Joseph (Joe) Messina
Peter Riguardi
+ 4

New York

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Property Image
LEASED

Condé Nast Subleases 48,026 SF Office Space To Kroll In Downtown Manhattan

285 Fulton Street

See Similar Deals
Office48,026 SF
Leased
Joseph (Joe) Messina
Peter Riguardi
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$59
Total Square Footage:48026 SF
Transaction Type:Lease

The property at 285 Fulton Street in Downtown Manhattan is an office space leased by Condé Nast to financial advisory firm Kroll. The 10-year sublease covers 48,026 square feet on the tower's 31st floor, with an asking rent of $59 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Landlord: Condé Nast
  • Tenant: Kroll
  • Address: 285 Fulton Street
  • Market: Downtown Manhattan
  • Asking Rent: $59/ft
  • SF: 48,026
  • Lease Term: 10-year sublease

The deal's key individuals involved in this transaction include Jessica Berkey, Joseph Messina, Matthew Rosen, and Peter Riguardi representing the landlord, Condé Nast, from JLL. On the tenant's side, Alexis Odgers, Martin Cottingham, and Michael Gottlieb from Avison Young acted as the tenant's representatives for Kroll.

Players

Martin (Marty) Cottingham
8 deals$90.5M volume(347) 237-2200
BROKER

Peter Riguardi
JLL
15 deals$38.2M volume
BROKER

Joseph (Joe) Messina
JLL
13 deals$559.5M volume
BROKER

Jessica Berkey
JLL
2 deals
BROKER



Matthew Rosen
JLL
1 deal
BROKER

Details

LEASED
IMAGE: Matthew Rosen, Jessica Berkey, Joseph Messina, Peter Riguardi, Michael Gottlieb, Alexis Odgers & Martin Cottingham DATE: 05/08/2024 ADDRESS: 285 Fulton Street MARKET: Downtown Manhattan ASSET TYPE: Office LANDLORD: Condé Nast TENANT: Kroll LANDLORD'S REP: Jessica Berkey, Joseph Messina, Matthew Rosen & Peter Riguardi - JLL (@JLL) TENANT'S REP: Alexis Odgers (@AlexisOdgers), Martin Cottingham & Michael Gottlieb - Avison Young (@Avison_Young_Global) ASKING RENT: $59/ft ~ SF: 48,026 LEASE TERM: 10-year sublease LEASE TYPE: Sublease NOTE: Condé Nast is leasing out another portion of its 1 World Trade Center headquarters, this time to financial advisory firm Kroll, for a 10-year sublease of 48,026 square feet on the tower's 31st floor, with an asking rent of $59 per square foot. éNast

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Deal Type
Effective Rent (Annual)

$3,248,329.18

Total Lease Value

$32,483,291.80

Net Landlord Cash Flow$3,248,329.18