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One Equity Partners Renews And Expands Lease At Boston Properties' 510 Madison Avenue
LEASED
$150
New York
See Similar DealsOffice23,000 SF
Leased 05/18/2023
LEASED
One Equity Partners Renews And Expands Lease At Boston Properties' 510 Madison Avenue
510 Madison Ave New York, NY 10022, USA
See Similar DealsOffice23,000 SF
Leased 05/18/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$150
Total Square Footage:23,000 SF
Transaction Type:Lease
One Equity Partners has signed a "long-term" renewal and expansion deal for 23,000 square feet of office space at Boston Properties' 510 Madison Avenue in Midtown Manhattan. The firm will occupy the entire 18th and 19th floors, doubling its original space, with an asking rent ranging from $100 to $150 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 510 Madison Avenue, New York
- Market: New York
- Landlord: Boston Properties
- Tenant: One Equity Partners
- Asking Rent: $150 per square foot
- Square Feet: 23,000
C.J Heitner of Newmark represented One Equity Partners in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,955,038.36
Total Lease Value
$39,550,383.62
Net Landlord Cash Flow$3,955,038.36
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