SL Green Realty Renews Haworth's 30,365 Square Foot Lease At 125 Park Avenue For 10 Years

The property asset involved in this transaction is located at 125 Park Avenue in Manhattan, comprising an office space and showroom totaling 30,365 square feet, with an asking rent of $100 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $100/ft
• Address: 125 Park Avenue
• Market: Manhattan
• Landlord: Steven Durels & Marc Holliday - SL Green
• Tenant: Haworth
• Brokers: Ethan Silverstein & Amy Zhen - Cushman & Wakefield (CushWake)
• Lease Duration: 10 years
• Lease Size: 30,365 square feet

This transaction involved the renewal of Haworth’s lease at the property, facilitating the continuation of the office furniture maker's tenancy in Midtown for over a decade. The landlord representatives, Steven Durels and Marc Holliday, are associated with SL Green Realty, while the brokerage team includes Ethan Silverstein and Amy Zhen from Cushman & Wakefield.