Midtown commercial real estate deals in New York

• Oct 7

  Chrysler Building, 405 Lexington Ave (150-year ground lease; 77 stories; 1.3M SF planned office)

  Tenant Tishman Speyer (with PSP Investments backing), landlord Cooper Union

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice1.3M SF building$235M ground-lease payment (future payments undisclosed)Source
• Oct 6

  1301 Sixth Ave, Midtown (49% stake sold; values building at $1.3B)

  Buyer DRA Advisors (49% JV stake), seller Rithm Capital (keeps majority)

  Midtown (Sixth Ave / Park / Madison / Grand Central)SaleOffice1.7M SF, 45 stories; fully leased$1.3B (valuation, stake sale)Source
• Oct 6

  1251 Sixth Ave (relocation from 101 Park Ave)

  Tenant Morgan, Lewis & Bockius, landlord Mitsui Fudosan America

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice210K SFNot disclosedSourceroundup
• Oct 6

  1345 Sixth Ave (15-year lease)

  Tenant Silvercrest Asset Management, landlord Fisher Brothers

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice41K SFNot disclosedSourceroundup
• Oct 6

  1345 Sixth Ave (10-year lease)

  Tenant i80 Group, landlord Fisher Brothers

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice17K SFNot disclosedSourceroundup
• Oct 6

  1212 Sixth Ave, 12th floor (20-year lease)

  Tenant Bank of India, landlord Stawski Partners

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice15K SFNot disclosedSourceroundup
• Oct 6

  1212 Sixth Ave, 14th floor (10-year lease; moving from 250 W. 57th St)

  Tenant IQ-EQ Fund Services, landlord Stawski Partners

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice14K SF (entire floor)Not disclosedSourceroundup
• Oct 6

  1301 Sixth Ave, 12th floor (full floor)

  Tenant Adler & Stachenfeld LLP, landlord Rithm Capital / DRA JV

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice40K SFNot disclosedSource
• Oct 5

  625 Madison Ave, floors 52-53 penthouse (under construction; delivers 2029)

  Tenant Castle Hook Partners (hedge fund, moving from 767 Fifth Ave), landlord Related Cos.

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOfficeTwo floors (size not stated in source)$375/SF reported (NYC record); 15-year termSource
• Sep 29

  625 Madison Ave (first leases)

  Tenant General Atlantic and Veritas (combined), landlord Related Cos.

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice245K SF combined, of 860K SF buildingNot disclosedSourceroundup
• Sep 29

  99 Park Ave (headquarters expansion, 15 years)

  Tenant Cerity Partners LLC (now 68K SF total), landlord Global Holdings

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice20K SF expansionNot disclosedSourceroundup
• Sep 29

  One Vanderbilt, 54th floor expansion

  Tenant Sentinel Capital Partners (35K SF total), landlord SL Green

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice7K SF expansion$340/SF per JLL (reported as a record in September)Sourceroundup
• Sep 22

  600 Third Ave, Midtown East (42-story tower)

  Buyer L&L Infinite (Marty Burger and David Levinson) with Mack Real Estate Group, BLDG and BD Blakely, seller L&L Holding and an unnamed institutional investor

  Midtown (Sixth Ave / Park / Madison / Grand Central)SaleOffice575K SF; 92% leased$245M (valued)Sourceroundup
• Sep 22

  One Vanderbilt, 33rd floor (10.5-year; expansion)

  Tenant Greenberg Traurig (133K SF total), landlord SL Green

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice33K SFNot disclosedSourceroundup
• Sep 22

  245 Park Ave, 28th floor (full floor; moving from One Vanderbilt)

  Tenant Nearwater Capital, landlord SL Green

  Midtown (Sixth Ave / Park / Madison / Grand Central)LeaseOffice38K SFNot disclosedSourceroundup

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