Savills represented the brand new tenant, a piece working system firm, within the transaction.
Monday.com, a piece working system firm, has signed a 110,000-square-foot sublease at 225 Park Ave. S. in New York Metropolis. Savills represented the corporate, whereas CBRE labored on behalf of the sublessor, Buzzfeed. Orda Administration owns the 511,757-square-foot Manhattan workplace property, in line with CommercialEdge information.
Accomplished in 1910 and renovated in 2017, the property spans 0.6 acres and contains a 19-story constructing with 40,700-square-foot floorplates, outside terraces and a kitchen. Monday.com will occupy the thirteenth to sixteenth flooring and may have a devoted personal entrance. Different tenants of the property embrace Meta, STV, WB Wooden and The Ainsworth, amongst others.
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Positioned inside the Flatiron District, the property is near quite a few metro stations, Madison Sq. Park and inside half a mile of the Empire State Constructing. A number of eating and retail venues are additionally inside strolling distance of the property.
Vice Chairman & Director Jim Wenk, Government Managing Director Kirill Azovtsev, Assistant Director Allison Buck, alongside Managing Director Alex Redlus of Savills labored on behalf of the tenant. Senior Vice President Jason Frazier, Affiliate Jesse de la Rama and Vice Chairman Christopher Mansfield of CBRE represented Buzzfeed.
In Could, Savills represented a shopper items firm in a 62,000-square-foot lease at one other NYC workplace tower situated at 135 W. fiftieth St. in Midtown Manhattan. The not too long ago renovated 925,000-square-foot constructing is owned by UBS Realty Traders.
