Flexport Signs 14,073 Square Foot Office Lease At 31 Penn Plaza Represented By CBRE In Penn District

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.