Empire State Development Corp Relocates Headquarters To 655 Third Avenue In New York City

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.