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LibreMax Capital Leases Office Space At 601 Lexington Avenue For 10 Years
LEASED
New York
See Similar DealsOffice21,000 SF
Leased
LEASED
LibreMax Capital Leases Office Space At 601 Lexington Avenue For 10 Years
601 Lexington Avenue
See Similar DealsOffice21,000 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$96
Total Square Footage:21000 SF
Transaction Type:Lease
601 Lexington Avenue is the location for a recent lease transaction involving an office space. The lease term spans 10 years, and the space measures 21,000 square feet with an asking rent of $96 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 601 Lexington Avenue
- Market: Midtown Manhattan
- Landlord: Owen D. Thomas - BXP
- Tenant: Greg Lippmann - LibreMax Capital
- Landlord's Rep: Andrew Coe, Cynthia Wasserberger, David Kleiner & Frank Doyle - JLL
- Tenant's Rep: Silvio Petriello & Tim Freydberg - CBRE
- Asking Rent: $96 per square foot
- Lease Term: 10 years
LibreMax Capital, an asset management firm, is relocating its headquarters to larger offices at 601 Lexington Avenue through a 10-year lease agreement. This move aligns with the company's expansion strategy and solidifies their presence in Midtown Manhattan.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,311,118.07
Total Lease Value
$23,111,180.69
Net Landlord Cash Flow$2,311,118.07
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