Avison Young arranges lease at 220 W 19th St. with payments processing technology company

Manhattan, NY Avison Young arranged a 2,468 s/f lease at 220 West 19^th St. with Flowglad, a payments processing company, for its first NYC office. Flowglad joins a roster of tenants at the 12-story Chelsea office building including The Corcoran Group, Celtra, Covisian, Crunch Fitness and Diesel’s headquarters for its North American operations.

Avison Young principal Michael Gottlieb and senior directors Joel Wechsler and Patrick Steffens represented the landlord, Red Circle N.Y. Corp. Newmark managing directors Stephen Cisarik and Joshua Berg represented Flowglad. 

“At 220 West 19^th St., tenants get a top-tier space in a great building, which has become more important than ever as employers bring their employees back to the office,” said Gottlieb. “With two additional floors becoming available in Q1 2026, we anticipate seeing heightened interest from companies looking to plant their flag in the Chelsea submarket.”

220 West 19^th St. is an owner-occupied property currently occupied by Diesel, a company affiliated with Red Circle, which occupies three floors. The building has also housed other renowned fashion brands like Maison Margiela, Jil Sander and Marni. Built in 1910, the building recently underwent capital improvements to the façade, lobby, turnstiles and elevator system. In addition to the Crunch Fitness located within the building, it offers quick access to attractions such as the Highline, Chelsea Market and Union Square Park as well as a variety of nearby amenities including fine dining, shopping, cafés and nightlife.

According to Avison Young’s Q4 Manhattan office market report, office leasing activity in 2025 reached nearly 40 million s/f, marking the strongest year since 2019. Manhattan’s overall availability rate of 15% at the end of 2025 is the lowest availability rate in over five years.