Nixon Peabody Leases Office At 48 W 47th St, New York For 66000 Sq Ft
LEASED
New York
See Similar DealsOffice66,000 SF
Leased 10/25/2016
LEASED
Nixon Peabody Leases Office At 48 W 47th St, New York For 66000 Sq Ft
48 W 47th St, New York, NY, 10036
See Similar DealsOffice66,000 SF
Leased 10/25/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:66,000 SF
Transaction Type:Lease
Located at 48 W 47th St, New York, NY, 10036, the office property in New York spans 66,000 square feet. Nixon Peabody signed a 15-year lease for floors 23 through 25 in the building, represented by CBRE's Timothy Dempsey, Michael Monahan, and Ramneek Rikhy.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Nixon Peabody
- Landlord: PGIM Real Estate
- Tenant's Rep: Michael Monahan(CBRE), Ramneek Rikhy(CBRE)
- Brokers: Timothy Dempsey(CBRE)
Comcast also secured space in the building, signing a 10-year lease for 45,000 square feet on the top two floors. The tenant was represented by Avison Young's Michael Gottlieb and David Fahey. In both leases, the landlord was represented by a CBRE team consisting of Peter Turchin, James Ackerson, and Sam Seiler.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,783,080.17
Total Lease Value
$37,830,801.73
Net Landlord Cash Flow$3,783,080.17
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