Avison Young brings office portion
of 416 West 13th St. to 100%

Manhattan, NY Avison Young has leased 62,364 s/f across eight leases at 416 West 13^th St., bringing the office portion of the 144,000 s/f neoclassical Meatpacking District building to 100% occupancy. The lease-up was achieved in six months, a notable accomplishment in a submarket still facing elevated availability.

The leasing velocity was driven by a blend of expansions, renewals and three new leases including a financial exchange and prediction market company (18,685 s/f), Fundbox and Fragment.

Avison Young principal Joseph Gervino, senior director Peter Johnson, director Alexis Odgers and senior associate Alexa Damon represented the landlord, Greenway Mews Realty, LLC in the transactions. Cushman & Wakefield’s Peter Kerans and Harley Dalton represented the financial exchange and prediction market company tenant, Elegran Capital’s Christina Combias represented Fundbox and Cushman & Wakefield’s Mike Matthias represented Fragment in their respective transactions.

“The activity at 416 West 13^th St. highlights one of the biggest trends in today’s market: tenants want well-run, move-in ready space that enables them to be productive from day one,” said Gervino. “This successful lease-up campaign demonstrates that well-operated non-trophy buildings can compete with premier assets by delivering quality, efficiency and the right experience at the right price.”

“In New York’s competitive leasing environment, tenant retention is just as critical as securing new deals,” said Rachel Ostry, managing member of Greenway Mews Realty. “Avison Young’s ability to balance both has been instrumental in maintaining long-term stability and positioning Greenway Mews as a destination for creative and innovative firms.”

Once home to the renowned publishing house P.F. Collier & Son, the landmarked property underwent a comprehensive renovation in 2012 to create boutique office space complemented by ground-floor retail. The modernization preserved the building’s architectural character while introducing premium finishes and an upgraded façade.