State Bank Of India Leases 41700 Square Feet At 425 Park Avenue With Michael Burgio As The Broker

The property asset involved in the transaction is an office space located at 425 Park Avenue in Manhattan. The total square footage of the leased area amounts to 41,700 square feet, and it occupies three floors in a 47-story tower owned by L&L Holding.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 425 Park Avenue
• Market: Manhattan
• Landlord: David Levinson - L&L Holding
• Tenant: State Bank of India
• Broker: Michael Burgio - Cushman & Wakefield

The State Bank of India has secured the lease for the last available office space within the tower, which is part of a strategic decision by the bank to establish a presence in a prime location in Manhattan.