Metropolitan Commercial Bank Expands Lease At 99 Park Avenue Under 15-Year Agreement

The property asset involved in the transaction is an office located at 99 Park Avenue in the Murray Hill market. The total square footage of the leased space is 81,979 square feet, and the asking rent is set at $80 per square foot. The lease term is established under a 15-year agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80/ft
• Square Footage: 81,979
• Address: 99 Park Avenue
• Market: Murray Hill
• Landlord: Craig Panzirer - Global Holdings Management Group
• Tenant: Mark D. Fazio - Metropolitan Commercial Bank
• Brokers: Diana Biasotti, Harrison Potter, Kristen Morgan & Paul Glickman - JLL

Metropolitan Commercial Bank has expanded its lease at 99 Park Avenue, which includes the renewal of its existing space. The deal was negotiated by the brokers from JLL, highlighting the involvement of Diana Biasotti, Harrison Potter, Kristen Morgan, and Paul Glickman in facilitating this arrangement.