Santander Bank Signs Lease For 191667 Square Feet At 437 Madison Avenue New York City

The property involved in this transaction is an office asset located at 437 Madison Avenue, Manhattan. This office space encompasses a total of 191,667 square feet and is part of a robust market in which its rent is determined. The lease has been renewed by Santander Bank for a duration of seven years, with an option for extension.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 437 Madison Avenue
• Market: Manhattan
• Square Footage: 191,667
• Landlord: Jonathan Iger - Sage
• Tenant: Santander Bank
• Landlord's Representative: Jack Brennan & Michael Lenchner - Sage Realty
• Tenant's Representative: Ana Erickson, Arthur Mirante & Mitti Liebersohn - Savills

In this transaction, the landlord was represented by Jack Brennan and Michael Lenchner from Sage Realty. On the other side, Santander Bank was represented by Ana Erickson, Arthur Mirante, and Mitti Liebersohn from Savills, facilitating the lease renewal for the bank's U.S. headquarters.