Port Authority Of NY & NJ Leases Office Space At 320 West 37th Street For $46/ft

The property involved in this transaction is an office space located at 320 West 37th Street in the Hudson Yards market. The asset has a total square footage of 17,313 and operates under a modified gross lease with an asking rent of $46 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $46/ft
• Address: 320 West 37th Street
• Market: Hudson Yards
• Asset Size: 17,313 SF
• Lease Type: Modified Gross Lease
• Landlord: Sioni Group
• Tenant: Port Authority of NY & NJ
• Brokers: Daniel Lolai, Chery Anavian & Michael Hymowitz - LSL Advisors

The deal features key representatives including Daniel Lolai, Chery Anavian, and Michael Hymowitz from LSL Advisors, representing both the tenant and landlord in this lease transaction. Their involvement highlights the collaborative nature of this agreement within the real estate market.