Regus Leases Office Space At 5 Penn PLZ, New York For $68/SF
LEASED
$68
New York
See Similar DealsOffice60,000 SF
Leased 10/16/2017
LEASED
Regus Leases Office Space At 5 Penn PLZ, New York For $68/SF
5 Penn PLZ, New York, NY, 10001
See Similar DealsOffice60,000 SF
Leased 10/16/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$68
Total Square Footage:60,000 SF
Transaction Type:Lease
Located at 5 Penn PLZ, New York, NY, 10001, this office property in New York spans 60,000 square feet. The lease was finalized on October 16, 2017, with Regus as the tenant, represented by Patrick Heeg from JLL, and Haymes Investment Company as the landlord. The agreed rent is $68 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Regus
- Tenant's Rep: Patrick Heeg(JLL)
- Landlord: Haymes Investment Company
- Rent/SF: $68
- Square Feet: 60,000
Patrick Heeg from JLL facilitated the deal as the tenant's representative, successfully securing the lease agreement for the 60,000 square feet office space on behalf of Regus. Haymes Investment Company, the landlord, engaged in the transaction, finalizing the lease with Regus at a rate of $68 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,677,262.76
Total Lease Value
$46,772,627.59
Net Landlord Cash Flow$4,677,262.76
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