The property asset involved in this transaction is located at 432 Park Avenue South in Midtown South. It features an office space of 9,800 square feet, situated on the 11th floor. The lease agreement is a long-term commitment, as it spans 10 years, allowing the tenant to establish a significant presence in the area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 432 Park Avenue South
• Market: Midtown South
• Landlord: Sam Spiegel - Samco Properties
• Tenant: Mediaplus Group
• Brokers: James Wenk, Shay Bolton & Alex Redlus - Savills
• Lease Terms: 10-year lease

This lease transaction marks a strategic move for Mediaplus Group as they expand their New York City footprint. They are relocating from their current office at 490 Broadway to this new address, indicating a growth phase in their operations and an increase in their workspace requirements.