TD Cowen Extends Lease At 599 Lexington Avenue In Midtown Manhattan

Located at 599 Lexington Avenue in Midtown Manhattan, the office property involved in the lease transaction encompasses 126,396 square feet across six floors. The deal between the landlord, Owen D. Thomas of Boston Properties, and the tenant, TD Cowen, resulted in a lease extension for one year at an asking rent of $93 per square foot.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 599 Lexington Avenue
• Market: Midtown Manhattan
• Landlord: Owen D. Thomas - Boston Properties
• Tenant: TD Cowen
• Brokers: Arkady Smolyansky, Caroline Merck, Evan Fiddle & Peter Turchin - CBRE
• Asking Rent: $93 per square foot
• Square Footage: 126,396

The lease extension deal at 599 Lexington Avenue was facilitated by a team of brokers from CBRE, including Arkady Smolyansky, Caroline Merck, Evan Fiddle, and Peter Turchin. Their expertise in the market and negotiation skills played a significant role in securing the one-year extension for TD Cowen, ensuring a continuation of their occupancy in the office space.