Chuck Taube Leases Office Space To GTS In Chelsea At 625 6th Avenue For 15 Years

The property asset involved in this transaction is an office space located at 625 6th Avenue in the Chelsea market. The leasing agreement covers a total space of 35,156 square feet, with an asking rent of $85 per square foot. The lease term is set for a duration of 15 years and follows a Full Service Gross lease type.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $85/ft
• Lease Term: 15 years
• Square Footage: 35,156
• Landlord: Chuck Taube
• Tenant: GTS
• Landlord's Representative: Ross Eisenberg - RDE Advisors
• Tenant's Representatives: Norman Bobrow & David Badner - Norman Bobrow & Company
• Address: 625 6th Avenue
• Market: Chelsea

The transaction features GTS occupying the entire 3rd floor of the property. Additionally, the building at 625 6th Avenue boasts a new roofdeck and lobby, and there is one floor remaining available for lease.