BXP inks 230,000 s/f of long-term leases at 360 Park Ave. South

Manhattan, NY BXP closed a series of long-term leases at 360 Park Ave. South, a 450,000 s/f workplace in Midtown South. The leases, which include both new clients and a significant expansion in the building, total 230,000 s/f with a weighted average lease term of 11.4 years and bring the workplace to more than 90% leased.

The leasing activity, which was driven by well-capitalized companies across industries, including financial services, hospitality, media, and AI & technology, illustrates the continued demand for workspace in the Midtown South submarket, particularly within the Madison Square Park neighborhood.

Leasing activity includes:
• Hunter Point Capital, an independent investment firm, leased 46,000 s/f across the entire 15^th and 16^th floors. 

• Trexquant, a global quantitative investment manager, leased 23,000 s/f on the entire tenth floor to launch its New York City office. The new location will serve as a hub for hiring top talent across quantitative research, software engineering, and trading, reflecting the firm’s growth and investment in innovation.

• Betches Media, a female-founded women’s entertainment brand leased 23,000 s/f on the entire sixth floor. As the company reached its milestone 15^th anniversary, the relocation aligns its headquarters with the scale of its expanding business.

• Marriott International, Inc., the world’s largest hospitality company with more than 9,800 properties globally, leased 23,000 s/f, utilizing the entire 14^th floor to house its New York City-based corporate associates supporting the company’s Luxury Group, global brand public relations, and Riott Haus Creative, Marriott’s in-house creative agency.

• Vercel, an agentic infrastructure platform, leased 23,000 s/f on the entire ninth floor. The company continues to grow coming off its $300 million Series F funding round in 2025, valuing the company at $9.3 billion. This growth stems from the rise of agentic coding technology, as Vercel provides tools and infrastructure for AI developers and agents themselves to build and deploy.

• Optiver, a global market maker, expanded into an additional 92,000 s/f across floors two through five, bringing its total footprint at the building to 115,000 s/f.

Leasing at 360 Park Ave. South is led by Andrew Levin and Will Stark of BXP. A CBRE team of Peter Turchin, Gregg Rothkin, Hayden Pascal, Arkady Smolyansky, Ross Zimbalist, and Trevor Larkin has advised BXP on the lease-up of 360 Park Ave. South since BXP acquired the building in 2021. 

“The momentum at 360 Park Avenue South underscores a clear reality that companies are prioritizing best-in-class space in the right locations,” said Hilary Spann, executive vice president, New York region, BXP. “In Midtown South, demand continues to center on strong design, flexible amenities, and immediate access to transit and neighborhood energy. 360 Park delivers on those fundamentals, and the market response reflects that.”

360 Park Aven. South is on the corner of Park Ave. South and 26^th St., one block away from Madison Square Park and equidistant from transportation hubs like Grand Central Station and Penn Station. The building features modernized systems, expansive renovated lobbies, full-floor prebuilts, ground-floor dining and a hospitality-focused amenity experience featuring dedicated lounges, coworking spaces, and a conference center. A communal rooftop terrace offers skyline views and space for open-air events, while a ground-floor bike valet enhances commuter convenience.