Nagashima Ohno & Tsunematsu Expands Lease At 450 Lexington Avenue With RXR Realty In Midtown East

The property asset involved in this transaction is located at 450 Lexington Avenue in Midtown East. The lease was executed at an asking rent of $135 per square foot for a total of 9,755 square feet. This includes an expansion of 3,480 square feet on the 39th floor and a renewal of 6,275 square feet on the 37th floor, with a lease term of six years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $135/ft
• Address: 450 Lexington Avenue
• Market: Midtown East
• Landlord: Scott Rechler & William Elder - RXR
• Tenant: Nagashima Ohno & Tsunematsu
• Landlord's Representative: Andrew Ackerman, Heidi Steinegger & Walter Rooney - RXR Realty
• Tenant's Representative: Evan Fiddle - CBRE
• Square Footage: 9,755

This transaction involved prominent individuals representing both the landlord and tenant. The landlords, Scott Rechler and William Elder, are associated with RXR. The tenant, Nagashima Ohno & Tsunematsu, was represented by Evan Fiddle from CBRE. The landlord's representatives included Andrew Ackerman, Heidi Steinegger, and Walter Rooney, all from RXR Realty.