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NYC’s office market rebounding from weak February behind jumbo deals

in Business
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Rendering of 28-40 West 23rd Street, New York.
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The office market rebounded from a slight February down-tick with a batch of jumbo deals in the first half of March.

The largest was at William Equities’ 28 and 40 W. 23rd St., where Ramp, a growing financial operations platform, expanded by 153,303 square feet — raising its total at the interconnected buildings to 285,303 square feet.


William Equities’ expanded lease at 28 and 40 W. 23rd St. was the largest office deal in the the first half of March. Williams Equities

The 575,000 square-foot properties are now 100% leased. Home Depot fills all the retail frontage.

Ramp will have a triplex that includes a penthouse level with a private roof deck. Williams recently completed a newly renovated atrium and communal roof deck.

Williams Equities was represented in-house by Michael T.  Cohen and by Colliers’ Andrew Roos, Mac Roos and Jessica Verdi. CBRE’s  Ryan Alexander, Jared Isaacson and Jeff Frenkel acted for the tenant.

[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]

Tags: Businessleasesoffice buildingsReal Estaterealty checktenants
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