Momentum Worldwide Leases 60000 SF Office Space At 300 Vesey St, New York
LEASED
New York
See Similar DealsOffice60,000 SF
Leased 12/12/2017
LEASED
Momentum Worldwide Leases 60000 SF Office Space At 300 Vesey St, New York
300 Vesey St, New York, NY, 10282
See Similar DealsOffice60,000 SF
Leased 12/12/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:60,000 SF
Transaction Type:Lease
The property involved in the transaction is located at 300 Vesey St, New York, NY, 10282. This office asset spans a total of 60,000 square feet and is situated in the New York market. The landlord of this property is Brookfield Property Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Available
- Tenant's Representative: Robert Romano(JLL), Shannon Rzeznikiewicz(JLL)
- Brokers: Shannon Rzeznikiewicz(JLL)
- Tenant: Momentum Worldwide
Momentum Worldwide, a subsidiary of Interpublic Group, is making a strategic move to Brookfield Place by relocating from Hudson Square. The company secured a lease for almost 60,000 square feet at 300 Vesey Street, signifying its growth and need for expanded space due to significant sponsorship accounts with companies like SAP, Verizon, and Chevron. This relocation marks a shift from their previous location at 250 Hudson Street under Jack Resnick & Sons.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,439,163.79
Total Lease Value
$34,391,637.93
Net Landlord Cash Flow$3,439,163.79
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