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Cushman & Wakefield Secures 15-Year Lease For New Headquarters At Paramount’s 31 West 52nd Street
LEASED
New York
See Similar DealsOffice130,000 SF
Leased 08/04/2025
LEASED
Cushman & Wakefield Secures 15-Year Lease For New Headquarters At Paramount’s 31 West 52nd Street
31 West 52nd Street
See Similar DealsOffice130,000 SF
Leased 08/04/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:130,000 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 31 West 52nd Street, Manhattan. It is an office space totaling 130,000 square feet and is managed by Paramount Group, who serves as the landlord in this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 31 West 52nd Street
- Market: Manhattan
- Landlord: Paramount Group
- Tenant: Michelle M. MacKay - Cushman & Wakefield
- Lease Term: 15 years
- Total SF: 130,000
- Floors: Five contiguous floors
Michelle M. MacKay, representing Cushman & Wakefield, will relocate the company's NYC headquarters to the newly leased space, planning to occupy it in late 2026. The deal has been finalized with a commitment for a long-term lease spanning over a decade.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,451,521.55
Total Lease Value
$74,515,215.52
Net Landlord Cash Flow$7,451,521.55
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