Verizon Leases Office Space In Hell's Kitchen From Edison Properties For $50M

The office property located at 620 12th Avenue in Hell's Kitchen has been leased in a transaction. The landlord, Edison Properties represented by Jon Dario, has entered into a lease agreement with the tenant, Verizon. The lease price for the property is $50,000,000, and it spans a total area of 144,000 square feet. The lease terms are set for a duration of 48 years.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $50,000,000
• Landlord: Edison Properties - Jon Dario
• Tenant: Verizon
• Square Footage: 144,000
• Lease Terms: 48 years
• Market: Hell's Kitchen

This lease deal, facilitated by Jon Dario representing Edison Properties, highlights the successful agreement between the landlord and the tenant, Verizon. The lease price of $50,000,000 for the office property at 620 12th Avenue in Hell's Kitchen covers a significant area of 144,000 square feet. The extensive duration of 48 years ensures a long-term commitment between the parties involved.