Glencore Leases 60000 Square Feet At 330 Madison Ave New York With Vornado As Landlord
LEASED
New York
See Similar DealsOffice60,000 SF
Leased 04/11/2017
LEASED
Glencore Leases 60000 Square Feet At 330 Madison Ave New York With Vornado As Landlord
330 Madison Ave, New York, NY, 10017
See Similar DealsOffice60,000 SF
Leased 04/11/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:60,000 SF
Transaction Type:Lease
The property asset in this transaction is located at 330 Madison Ave, New York, NY, 10017. It encompasses a total of 60,000 square feet. The building is a 52-year-old structure owned by Vornado, with asking rents in the low $70s per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Disclosed
- Address: 330 Madison Ave, New York, NY, 10017
- Landlord: Vornado
- Landlord's Rep: Kevin West, Raven Property Advisors
- Broker: Andrew Ackerman, RXR Realty
- Tenant: Glencore
- Market: New York
- Square Feet: 60,000
Glencore is relocating to this address from Stamford, Conn. Kevin West and Andrew Ackerman represented Vornado in-house alongside JLL brokers Frank Doyle, Clark Finney, and David Kleiner, while Glencore was represented by Martin Horner and Reid Longley of JLL.
Players
BROKERAGE
LANDLORD
Details
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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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