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Valon Technologies Relocates To 13,815 SF Office Space At 860 Broadway In Midtown South
LEASED
New York
See Similar DealsOffice13,815 SF
Leased 12/14/2023
LEASED
Valon Technologies Relocates To 13,815 SF Office Space At 860 Broadway In Midtown South
860 Broadway
See Similar DealsOffice13,815 SF
Leased 12/14/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:13,815 SF
Transaction Type:Lease
Valon Technologies, a fintech company backed by private equity, has secured a 13,815-square-foot full-floor office space at 860 Broadway in Midtown South. The office space will serve as the company's new headquarters, as they are relocating from a co-working space in Q1 2024.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Address: 860 Broadway
- Market: Midtown South
- Square Footage: 13,815
Valon Technologies secured the lease from Tim Gordon, the landlord of Gordon Property Group. The deal was facilitated by Cushman & Wakefield, acting as the landlord's representative. Seth Hecht and Thomas Swartz from JLL represented Valon Technologies as their tenant's representatives in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$791,867.46
Total Lease Value
$7,918,674.63
Net Landlord Cash Flow$791,867.46
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