Adam Stark's Stark Office Suites Leases 11816 SF Office Space At 825 Third Avenue In Manhattan

The asset involved in this transaction is an office space located at 825 3rd Avenue in Manhattan. The total square footage of the property is 11,816. The landlord for this lease is Durst Organization, while Stark Office Suites is the tenant. The asking rents for this office space are in the low- to mid-$90s per square foot, and the property is undergoing $150 million in capital improvements, which includes enhancements to public spaces and tenant amenities.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Lease Term: 17 years
• Landlord: Durst Organization
• Tenant: Adam Stark - Stark Office Suites
• Landlord's Representatives: Ashlea Aaron, Bailey Caliban, Thomas Bow, & Sayo Kamara - Durst Organization
• Tenant's Representatives: Craig Lemle & Roi Shleifer - Savills

This transaction marks the signing of a significant lease, with Stark Office Suites establishing its third Manhattan location at this address. The parties involved in the transaction include key representatives from both the landlord and tenant, facilitating the agreement for the long-term lease in a notable Manhattan market.