Capital Fund Management Leases 23000 Square Feet At 510 Madison Avenue For $160 Per Square Foot

The property asset involved in this transaction is located at 510 Madison Avenue in Manhattan. It is an office space with a total square footage of 23,000. The asking rent for the space is set at $160 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $160/ft
• Address: 510 Madison Avenue
• Market: Manhattan
• Landlord: Owen D. Thomas - BXP
• Tenant: Capital Fund Management
• Landlord's Representative: Will Stark & Heather Kahn - Boston Properties
• Tenant's Representative: Richard Plehn & Lisa Ann Pollakowski - Lee & Associates
• Square Footage: 23,000

Capital Fund Management is relocating to this new office space from the Chrysler Building, occupying two floors at the new address. This transaction highlights the involvement of key representatives from both the landlord and tenant sides, ensuring a successful agreement in the Manhattan market.