Empire State Development Corp Relocates Headquarters To 655 Third Avenue In New York City | 655 Third Avenue | Brian Cohen, Moshe Sukenik | Office | Lease

Summary

Lease

NEW YORK

Office

117,181 sqft

The Durst Organization has secured a lease deal with Empire State Development Corp for their headquarters at 655 Third Avenue in Manhattan. The office space, spanning 117,181 square feet, will serve as a strategic addition to Durst Organization's Third Avenue portfolio. The agreement was made at an asking rent of $69 per square foot, providing a boost to the value of the property.

Summary of transaction details:

Property Type: Office
Transaction Amount: $69/ft
Square Footage: 117,181
Address: 655 Third Avenue
Market: Manhattan

The lease transaction was facilitated by Brian Cohen and Moshe Sukenik of Newmark and Manhattan Boutique Real Estate, who acted as brokers. Their expertise and negotiation skills played a crucial role in successfully closing the deal between Durst Organization and Empire State Development Corp. This relocation of Empire State Development Corp's headquarters further solidifies Durst Organization's presence in the Third Avenue market.

Players

All
3

Agents
2
Agencies
1

Details

Deal Summary

LEASED

IMAGE: Brian Cohen & Moshe Sukenik DATE: 08/06/2023 ADDRESS: 655 Third Avenue MARKET: Manhattan ASSET TYPE: Office LANDLORD: Durst Organization (@TheDurstOrg) TENANT: Empire State Development Corp (@Empire_State_Developments) BROKERS: Brian Cohen & Moshe Sukenik - Newmark (@Newmark) & Manhattan Boutique Real Estate (@MBRENY) ASKING RENT: $69/ft ~ SF: 117,181 NOTE: Empire State Development Corp. is relocating its headquarters to 655 Third Ave, a boost for the Durst Organization's Third Avenue portfolio. The deal was struck at a rate of $69 per square foot.

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Address655 Third Avenue

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