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Owen D. Thomas Of BXP Leases 438000 Square Feet Office To Israel Englander Of Millennium Management
LEASED
New York
See Similar DealsOffice438,000 SF
Leased 12/01/2025
LEASED
Owen D. Thomas Of BXP Leases 438000 Square Feet Office To Israel Englander Of Millennium Management
399 Park Avenue
See Similar DealsOffice438,000 SF
Leased 12/01/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:438,000 SF
Transaction Type:Lease
The asset involved in the transaction is an office property located at 399 Park Avenue in Manhattan. This extensive lease encompasses a total of 438,000 square feet, contributing to the overall dynamics of the Manhattan office market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 399 Park Avenue
- Market: Manhattan
- Landlord: Owen D. Thomas - BXP
- Tenant: Israel Englander - Millennium Management
The deal highlights the involvement of Owen D. Thomas representing BXP and Israel Englander representing Millennium Management. Millennium Management has notably extended their lease for the property, significantly influencing the leasing activity within the borough.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$25,105,895.69
Total Lease Value
$251,058,956.92
Net Landlord Cash Flow$25,105,895.69
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