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Evercore Signs 12-Year Lease For Additional 95,000 SF At 55 East 52nd Street In Midtown Manhattan

Property Image
LEASED
$130
Josh Fisher
Clark Briffel
+ 2

New York

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Office95,000 SF
Leased 01/23/2024
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Property Image
LEASED

Evercore Signs 12-Year Lease For Additional 95,000 SF At 55 East 52nd Street In Midtown Manhattan

55 East 52nd Street

See Similar Deals
Office95,000 SF
Leased 01/23/2024
Josh Fisher
Clark Briffel
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$130
Total Square Footage:95,000 SF
Transaction Type:Lease

The property asset involved in this lease transaction is located at 55 East 52nd Street, situated in the Midtown Manhattan market. The office space measures 95,000 square feet and has an asking rent of $130 per square foot. Evercore has secured this space through a 12-year lease agreement, thereby expanding its footprint in the area.

Summary of transaction details:

This lease transaction involved key participants including Fisher Brothers as the landlord, represented by Ken Fisher, Marc Packman, Charles Laginestra, Clark Briffel, and Josh Fisher. Alan Desino from Colliers International acted as the broker for the transaction, facilitating the deal for Evercore at the specified property.

Players

Alan Desino
2 deals
BROKER

Marc Packman
Fisher Brothers
7 deals
LANDLORD

Clark Briffel
Fisher Brothers
8 deals
LANDLORD

Charles Laginestra
Fisher Brothers
6 deals
LANDLORD

Josh Fisher
Fisher Brothers
4 deals
LANDLORD

Fisher Brothers
LANDLORD

Details

LEASED
IMAGE: Alan Desino, Ken Fisher, Marc Packman, Charles Laginestra, Clark Briffel & Josh Fisher DATE: 01/23/2024 ADDRESS: 55 East 52nd Street MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Fisher Brothers (@FisherBrothers) - Ken Fisher, Marc Packman, Charles Laginestra, Clark Briffel & Josh Fisher TENANT: Evercore BROKER: Alan Desino - Colliers International (@ColliersInternational) ASKING RENT: $130/ft ~ SF: 95,000 LEASE TERM: 12-year lease NOTE: Evercore has extended its presence in Midtown by signing a 12-year lease for an additional 95,000 square feet at 55 East 52nd Street's Park Avenue Plaza, reaching a total of over half a million square feet across 16 floors.

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Deal Type
Effective Rent (Annual)

$14,157,890.95

Total Lease Value

$141,578,909.50

Net Landlord Cash Flow$14,157,890.95