Legora Signs 10-Year Lease For 98,420 Square Feet At 11 Madison Avenue In Flatiron District

The transaction involves an office asset located at 11 Madison Avenue in the Flatiron District, featuring a total of 98,420 square feet. The lease was secured for a duration of 10 years, and the building is now at full occupancy.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 11 Madison Avenue
• Market: Flatiron District
• Landlord: Marc Holliday - SL Green
• Tenant: Max Junestrand - Legora
• Landlord's Representatives: Brian Waterman, Brent Ozarowski & Erik Harris - Newmark
• Tenant's Representatives: Justin Haber & Kyle Riker - JLL
• Lease Terms: 10-year lease

Legora, a legal AI startup based in Sweden, is expanding its presence in New York through this significant lease agreement. This move highlights the increased demand for office space in the area, facilitated by the expertise of the representatives from Newmark and JLL, who played key roles in finalizing the lease.