SWA Group Signs 10.5-Year Lease For 5,789 Square Feet At 381 Park Avenue South

The property asset involved in the context is an office space located at 381 Park Avenue South, Manhattan. The total square footage of the lease is 5,789 square feet, with asking rents averaging $75 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Olmstead Properties
• Tenant: SWA Group
• Lease Terms: 10.5-year
• Landlord's Representative: Steven Marvin & Jonathan Bock - Olmstead Properties
• Tenant's Representative: Janet Liff - J. Liff Co.

The deal features representatives from Olmstead Properties and J. Liff Co., indicating a collaboration between the landlord and tenant sides. SWA Group is relocating from its previous location at 31 West 27th Street to the new office space.