Transit Wireless Leases Office Space In New York City's 589 8th Avenue

The office located at 589 8th Avenue in New York City has recently been leased by Transit Wireless. The lease term is for 8 years, and the total square footage of the space is 5,200. The asking rent for the property was $39 per square foot.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: Lease
• Date: 06/09/2023
• Address: 589 8th Avenue
• Market: New York City
• Landlord: Hudson Point Associates - Neil Joffee
• Tenant: Transit Wireless
• Landlord's Rep: Ariel Hardwood & JD Cohen - Newmark
• Tenant's Rep: Alexis Odgers - Avison Young
• Asking Rent: $39/ft
• Lease Term: 8-Year Lease

Representing Transit Wireless in the lease negotiation was Alexis Odgers from Avison Young. On the other hand, the landlord, Hudson Point Associates, was represented by Ariel Hardwood and JD Cohen from Newmark.