New York City office leasing has continued to gain momentum through the end of the year. Seven lease transactions totaling 240,000 square feet in Midtown Manhattan illustrates the activity in the market.

Office owner LeFrak completed five lease transactions totaling 100,000 square feet at 40 West 57th Street in New York City’s Plaza District. In the largest transaction, Givaudan signed a 50,000-square-foot renewal for the 10th and 11th floors of the building. The lease has a 15-year term. In the remaining transactions, A&E Real Estate signed a 10-year deal for 17,525 square feet, Lightyear Capital took 13,500 square feet in a10-year lease and Darsana Capital signed a 11,500 square-foot lease deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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