LinkedIn Leases Office Space At 350 5th Ave, NYC From Empire State Realty Trust
LEASED
$72
New York
See Similar DealsOffice30,165 SF
Leased 07/05/2018
LEASED
LinkedIn Leases Office Space At 350 5th Ave, NYC From Empire State Realty Trust
350 5th Ave, New York, NY, 10118
See Similar DealsOffice30,165 SF
Leased 07/05/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$72
Total Square Footage:30,165 SF
Transaction Type:Lease
The office property located at 350 5th Ave, New York, NY, 10118, in the bustling market of New York, spans a total of 30,165 square feet. The lease agreement was finalized on 07/05/2018, with LinkedIn securing the space at a rate of $72 per square foot. The property is owned by Empire State Realty Trust.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: LinkedIn
- Tenant's Representative: Lauren Crowley Corrinet(CBRE), Sacha Zarba(CBRE)
- Landlord: Empire State Realty Trust
- Rent/SF: $72
- Square Feet: 30,165
The deal was facilitated with Lauren Crowley Corrinet and Sacha Zarba from CBRE representing LinkedIn in the lease agreement with Empire State Realty Trust. The collaboration between the tenant's representatives and the landlord highlights a successful negotiation process for the office space.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,489,817.02
Total Lease Value
$24,898,170.20
Net Landlord Cash Flow$2,489,817.02
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