Tokio Marine America Signs Lease For Two Full Floors At 825 3rd Avenue In Midtown Manhattan

The asset involved in this transaction is located at 825 3rd Avenue in Midtown Manhattan. This office property encompasses a total of 23,632 square feet, accommodating the operations of Tokio Marine America and its subsidiaries. The transaction entails the lease agreement signed by the Tokio Marine Group for two full floors within the building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 825 3rd Avenue
• Market: Midtown Manhattan
• Landlord: Jody Durst - Durst Organization
• Tenant: Tokio Marine America, Tokio Marine North America Services & Tokio Marine HCC
• Landlord's Representatives: Bailey Caliban, Tom Bow, Ashlea Aaron & Sayo Kamara - Durst Organization
• Tenant's Representatives: Mike Catalano, Jeffrey Peck, Daniel Horowitz & Jacob Stern - Savills; Cynthia Wasserberger, Carlee Palmer & Jakob Cohn - JLL

This lease agreement marks a strategic relocation for Tokio Marine Group, with Tokio Marine America and Tokio Marine North America Services moving to the 23rd floor and Tokio Marine HCC occupying the 24th floor. The involvement of multiple representatives from Durst Organization and the collaboration with Savills and JLL highlight the complexity of the transaction.