Lingotto Leases Office Space In Midtown Manhattan For $85/ft

Located at 461 5th Avenue in Midtown Manhattan, the office asset involved in the lease is set to welcome Lingotto as the new tenant. Lingotto will be leasing 11,232 square feet of space for a 10-year term at an asking rent of $85 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Marc Holliday - SL Green Realty
• Tenant: Lingotto
• Landlord's Representative: Brian Waterman, David Waterman, Kevin Sullivan & Scott Klau - Newmark
• Tenant's Representative: Harley Dalton, Ron Lo Russo & Samantha Perlman - Cushman & Wakefield
• Address: 461 5th Avenue
• Market: Midtown Manhattan
• Asking Rent: $85/ft
• Lease Term: 10 years

Lingotto, with $4.6 billion in assets under management, is making its debut in New York City by leasing space within this prestigious building, marking a strategic move for the company's expansion.