The property asset involved in the transaction is located at 360 Park Avenue South in Manhattan and comprises an office space totaling 23,000 square feet. Betches has entered into a 10-year lease for the entire sixth floor of the building at an asking rent of $100 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,300,000
• Address: 360 Park Avenue South
• Market: Manhattan
• Landlord: Boston Properties
• Tenant: Betches
• Landlord's Representative: Andy Levin & Will Stark - Boston Properties
• Tenant's Representative: Kirill Azovtsev (KirillAzovtsev), Shay Bolton & James (Jim) Wenk - Savills
• Lease Term: 10 years

In this transaction, Betches is transitioning from its current location at 43 West 24th Street to the new address at 360 Park Avenue South, which reflects a strategic move to acquire more suitable office space in the Manhattan market.