facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

3 Bryant Park

Marc Benioff Of Salesforce Expands Lease At 3 Bryant Park In Midtown Manhattan For 71,000 Sq Ft
LEASEDOffice

Marc Benioff Of Salesforce Expands Lease At 3 Bryant Park In Midtown Manhattan For 71,000 Sq Ft

3 Bryant Park

Building Size

310,500 SF

Asset Type

Office

Closing

Sep 17, 2025

AI

The property asset involved in this lease transaction is located at 3 Bryant Park, Midtown Manhattan. The asset type is office space, encompassing a total square footage of 310,500 sq ft. The landlord for this property is La Caisse, while the tenant is Marc Benioff, representing Salesforce, which is expanding its footprint at this location.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3 Bryant Park
  • Market: Midtown Manhattan
  • Landlord: La Caisse
  • Tenant: Marc Benioff - Salesforce
  • Square Footage: 310,500 sq ft
  • Expansion Area: 71,000 sq ft
  • Employee Base in NYC: 3,000+
  • AI Platform: Agentforce

This transaction highlights the involvement of La Caisse as the landlord and Marc Benioff as the tenant representing Salesforce. This expansion is aimed at supporting their AI platform while accommodating a significant number of employees in New York City.

Players

Marc Benioff

Salesforce

Tenant

5 deals

Tenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93