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Flexport Signs 14,073 Square Foot Office Lease At 31 Penn Plaza Represented By CBRE In Penn District
LEASED
+ 2
New York
See Similar DealsOffice14,073 SF
Leased 11/11/2024
LEASED
Flexport Signs 14,073 Square Foot Office Lease At 31 Penn Plaza Represented By CBRE In Penn District
50 West 23rd Street
See Similar DealsOffice14,073 SF
Leased 11/11/2024
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:14,073 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 50 West 23rd Street in Manhattan's Penn District. It is an office space with a total area of 14,073 square feet. The lease was signed as part of a relocation process for the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 50 West 23rd Street
- Market: Penn District
- Square Footage: 14,073
- Landlord: Vanbarton Group
- Tenant: Flexport
- Landlord's Representatives: Christine Colley, Daniel Turkewitz, Mitchell Konsker & Thomas Swartz - JLL
- Tenant's Representative: Joseph D’Apice - CBRE
The lease negotiations were conducted by JLL on behalf of the landlord, Vanbarton Group, while CBRE represented Flexport in the transaction. Notably, Flexport is relocating to 31 Penn Plaza as part of this agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$806,655.87
Total Lease Value
$8,066,558.68
Net Landlord Cash Flow$806,655.87
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