Betches Leases 23,000 Square Feet At 360 Park Avenue South For 10 Years With Savills

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.