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SummitTX Capital Signs 11-Year Lease For 17,778 Square Feet At 560 Lexington Avenue
LEASED
New York
See Similar DealsOffice17,778 SF
Leased
LEASED
SummitTX Capital Signs 11-Year Lease For 17,778 Square Feet At 560 Lexington Avenue
560 Lexington Avenue
See Similar DealsOffice17,778 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:17778 SF
Transaction Type:Lease
The asset involved in this transaction is an office space located at 560 Lexington Avenue in Manhattan. The space encompasses approximately 17,778 square feet on the 19th floor of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 11 years
- Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
- Tenant: SummitTX Capital
- Previous Location of Tenant: 75 Rockefeller Plaza
Hedge fund SummitTX Capital has signed the lease, indicating a strategic relocation to the new premises as it expands its operations in Manhattan.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,019,024.23
Total Lease Value
$10,190,242.32
Net Landlord Cash Flow$1,019,024.23
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