BXP has announced a significant leap in occupancy at its 450,000-square-foot office building at 360 Park Avenue South, Midtown South, after securing a total of 230,000 square feet in new lease agreements. The move pushes the property to over 90% leased, signaling strong demand in a landmark Midtown South location.
Key Takeaways
- BXP’s 360 Park Ave. South is now over 90% leased.
- Six major tenants signed or expanded leases totaling approximately 230,000 square feet.
- Notable companies include Hunter Point Capital, Marriott International, and Optiver.
Leading Investment Firms Secure Space
New agreements include various leading firms. Hunter Point Capital, an independent investment entity, signed up for approximately 46,000 square feet, highlighting the building’s appeal to prominent financial players. Global quantitative investment firm Trexquant also moved in, taking about 23,000 square feet.
Creative and Tech Brands Join The Roster
Betches Media, renowned for female-driven digital entertainment, leased 23,000 square feet, adding a vibrant new energy to the property. Vercel, a forward-thinking infrastructure platform, agreed to occupy a similar-sized space, enhancing the building’s tech credentials.
Marriott Strengthens Corporate Presence
Marriott International, Inc. leased around 23,000 square feet to support its Luxury Group operations, global brand PR teams, and Riott Haus Creative—the company’s in-house agency. This presence boosts the diversity of the tenant mix while enhancing collaboration opportunities in-house.
Optiver’s Major Expansion
The largest single deal involved Optiver, a global market maker, which expanded its footing by an additional 92,000 square feet. Optiver’s combined footprint at the property now totals roughly 115,000 square feet, making it one of the building’s anchor tenants.
Strategic Leasing Approach Pays Off
BXP’s leasing effort at 360 Park Ave. South has been spearheaded by Andrew Levin and Will Stark, with advisory support from a dedicated CBRE team since BXP acquired the property in 2021. Their targeted leasing strategy has helped attract a diverse mix of leading finance, technology, media, and hospitality companies.
BXP’s Midtown South Success Story
This influx of high-profile tenants demonstrates the building’s ongoing appeal to both new and expanding businesses. With more than 90% occupancy achieved, BXP’s 360 Park Ave. South cements its position as one of Midtown South’s most sought-after office destinations.