The duration of the contract period is nine years.
Realistic Realtors facilitated the office space transaction. The tri-party agreement has been facilitated between Sun Builders Group, Analytix Business Solutions and The Address, a co-working and serviced office space provider.
The Address has added 70,000 sq ft of super built-up area at Sun Westbank, which is further taken on lease by Analytix Business Solutions with a seating capacity of around 1,000 people.
Nikit Shah, assistant vice president, Realistic Realtors said, “The last two years were challenging due to pandemic as commercial space requirements were declining at a rapid pace. Transactions of such quantum will surely bring back that confidence in the market.”
Yash Shah, founder & CEO, The Address said, “We have ambitious plans for the next three years and are eying to increase our footprints and client base with a great team and leadership hiring that has joined us.”
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