Trexquant Signs 23,000 Square Foot Office Lease With BXP At 360 Park Avenue South
360 Park Avenue South
Building Size
23,000 SF
Asset Type
Office
Closing
Jun 1, 2026
About this deal
AI
The property asset involved in this transaction is located at 360 Park Avenue South in Midtown Manhattan. This office space consists of 23,000 square feet, with Trexquant as the tenant taking the entire 10th floor of the building. The lease was signed with BXP as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 360 Park Avenue South
- Market: Midtown Manhattan
- Square Footage: 23,000
- Landlord: BXP
- Tenant: Trexquant
- Landlord's Rep: Will Stark & Andrew Levin - Boston Properties
- Tenant's Rep: Thomas Burrus, Maeve Trudeau, Jason Roberts & Joe Messina - JLL
Trexquant signed the lease, which was guided by the broker representatives from JLL, notably Thomas Burrus, Maeve Trudeau, Jason Roberts, and Joe Messina. BXP was represented by agents from Boston Properties, including Will Stark and Andrew Levin.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93