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Simpson Thacher & Bartlett Leases 916,000 Square Feet At 570 Fifth Avenue In Manhattan
LEASED
New York
See Similar DealsOffice916,000 SF
Leased 06/02/2026
LEASED
Simpson Thacher & Bartlett Leases 916,000 Square Feet At 570 Fifth Avenue In Manhattan
570 5th Avenue
See Similar DealsOffice916,000 SF
Leased 06/02/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:916,000 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 570 5th Avenue in Manhattan. The lease spans 916,000 square feet, making it a significant addition to the office market in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 570 5th Avenue
- Market: Manhattan
- Landlord: Gary Barnett - Extell
- Tenant: Simpson Thacher & Bartlett
The deal represents the largest Manhattan office lease signed in May and includes an expansion of over 200,000 square feet to Simpson Thacher & Bartlett's original footprint.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$52,504,567.25
Total Lease Value
$525,045,672.47
Net Landlord Cash Flow$52,504,567.25
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