secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001823608-25-000025
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000025/0001823608-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000025/amal-20250404.htm
  HTML page:      https://secwatch.observer/filing/0001823608-25-000025

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