Amalgamated Bank signs 15-year, 94,045 RSF HQ lease at 99 Park Avenue, NYC

Amalgamated Financial Corp.

Lease for 94,045 rentable square feet covering ground floor and 2nd, 3rd, and 5th floors.
15-year term with one five-year renewal option; rent abated first 16 months.
Office premises initial annual rent $6.2M; ground floor $142,830; escalations of ~9% at year 5 and ~8% at year 10.
Office commencement target after April 1, 2026, subject to substantial completion of base building and owner's work.
Tenant's pro-rata share of operating expenses and taxes set at 19.56% of the building.

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