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Owen D. Thomas Of BXP Leases 150,000 Square Feet To McDermott Will & Schulte In Midtown Manhattan
LEASED
New York
See Similar DealsOffice150,000 SF
Leased 06/16/2026
LEASED
Owen D. Thomas Of BXP Leases 150,000 Square Feet To McDermott Will & Schulte In Midtown Manhattan
343 Madison Avenue
See Similar DealsOffice150,000 SF
Leased 06/16/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:150,000 SF
Transaction Type:Lease
The asset involved in this transaction is an office property located at 343 Madison Avenue, Midtown Manhattan. The lease covers a substantial area of 150,000 square feet within the office tower, which is part of a larger development totaling 930,000 square feet. The building is currently 56% pre-leased ahead of its completion scheduled for 2029.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 343 Madison Avenue
- Market: Midtown Manhattan
- Asset Size: 150,000 square feet
- Landlord: Owen D. Thomas - BXP
- Tenant: McDermott Will & Schulte
This lease agreement marks a significant commitment from the law firm McDermott Will & Schulte in the Midtown Manhattan market. Owen D. Thomas represents the landlord BXP in this transaction, facilitating the agreement for this considerable office space.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$8,597,909.48
Total Lease Value
$85,979,094.84
Net Landlord Cash Flow$8,597,909.48
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