Schreck Rose Dapello Adams Berlin & Dunham Signs Pricey Lease At Vornado's 888 Seventh Avenue

The property involved in the transaction is located at 888 7th Ave, New York, NY, 10106. It is an office asset consisting of 100,000 square feet and is situated in the New York market. The lease signed by TGP Group includes a significant portion of the property with a transaction amount in the low-$80s per square foot, ultimately negotiated in the $70s per square foot for the term of 13 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: in the $70s per square foot
• Address: 888 7th Ave, New York, NY, 10106
• Tenant: TGP Group
• Landlord: Vornado
• Square Feet: 100,000
• Tenant's Representative: Neil Goldmacher-Newmark
• Landlord's Representative: Jared Solomon-Vornado Realty Trust
• Broker Representatives: Mitchell Konsker-JLL, Alexander Chudnoff-JLL, Benjamin Bass-JLL, Michael Wellen-CBRE, Silvio Petriello-CBRE, Benjamin "Ben" Friedland-CBRE, David Falk-Newmark, Glen Weiss-Vornado Realty Trust, Jason Greenstein-Newmark, Harly Stevens-CBRE, Jeffrey Rosenblatt-Lincoln Property Company, John Broderick-Colliers International, Matthew Leon-Newmark, Matthew Leonelli

Key individuals involved in the deal include representatives from both the tenant and landlord. Jared Solomon negotiated on behalf of Vornado, while Jeffrey Rosenblatt represented Schreck Rose Dapello Adams Berlin & Dunham. The law firm is set to relocate its offices from 5 Columbus Circle early next year.