Liberty Mutual Leases 130K SF Office Space At 55 Water St, New York
LEASED
New York
See Similar DealsOffice130,449 SF
Leased 07/02/2019
LEASED
Liberty Mutual Leases 130K SF Office Space At 55 Water St, New York
55 Water St, New York, NY, 10041
See Similar DealsOffice130,449 SF
Leased 07/02/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:130,449 SF
Transaction Type:Lease
Located at 55 Water St, New York, NY, 10041, the office property involved in the transaction spans 130,449 square feet. This asset was leased on 07/02/2019 in the New York market. The landlord, Liberty Mutual, was represented by Michael McKenna and Robert Sattler from Cresa.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 55 Water St, New York, NY, 10041
- Market: New York
- Landlord: Liberty Mutual
- Square Feet: 130,449
- Landlord's Representatives: Michael McKenna (Cresa), Robert Sattler (Cresa)
The deal's key individuals included Michael McKenna and Robert Sattler, representing Liberty Mutual in the lease transaction. Their expertise and negotiation skills were vital in finalizing the agreement for the office space on Water St in New York.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,477,257.96
Total Lease Value
$74,772,579.62
Net Landlord Cash Flow$7,477,257.96
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