News: Owners Developers & Managers

BXP signs 246,000 s/f lease renewal with KnitWell Group at 7 Times Square

Manhattan, NY BXP, one of the largest publicly traded developers, owner, and manager of premier workplaces in the U.S., signed a 246,000 s/f long-term lease renewal and expansion with KnitWell Group at 7 Times Sq. The 20-year lease comprises the existing approximately 191,000 s/f premises plus two additional full floors totaling 55,000 s/f.

“We are in an industry that thrives on in-person collaboration across functions and brands, which is why we are thrilled to be able to bring all of our New York-based KnitWell Group associates into one building,” said Patrick Walsh, chief operating officer of KnitWell Group. “We thank BXP and the team at 7 Times Sq. for their continued support and partnership, and for providing us a fantastic space to call home for the next 20 years.”

“7 Times Sq. offers unmatched convenience and opportunity at the center of New York City’s busiest transportation and entertainment hub,” said Hilary Spann, executive vice president of BXP’s New York Region. “KnitWell Group’s renewal and expansion speaks to our commitment to providing top-tier amenities and flexible, future-ready workplaces that empower our clients to grow and succeed.”

The 1.25 million s/f tower, developed by BXP, recently underwent an amenities enhancement with conferencing, client lounge, and café services added. Conveniently located in the center of Midtown at the nexus of transportation options, 7 Times Sq. is walkable to nearby cafes, restaurants, and Bryant Park. 

A CBRE team of Eric Deutsch, Ken Meyerson, Jared Freede, Ariel Ball, and Elliot Bok represented KnitWell in the lease negotiations.

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