JLL completes two leases totalling 7,000 s/f of pre-built space

Manhattan, NY JLL has completed two leases totaling approximately 7,000 s/f of space at 27 West 24th St. in Manhattan’s Flatiron neighborhood on behalf of ownership, MJ Orbach Associates.

Zebra, an international design and architecture firm whose clients include West Elm, Shake Shack and P.F. Chang’s, signed a lease for 3,000 s/f of pre-built office space on the sixth floor of the property.

Moonfare, a leading digital private equity investment platform, leased 3,400 s/f of pre-built space on the eighth floor.

27 West 24th St. is an 11-story, 126,000 s/f commercial office building adjacent to Madison Square Park. The area has mass transit options and restaurants, gyms, retail and entertainment options.

MJ Orbach recently completed a major repositioning of the property that included upgrades to the lobby, elevator cabs, common corridors, bathrooms and building infrastructure. There are two passenger elevators, two freight elevators with separate entrance, lobby attendant, on-site building maintenance as well as 24/7 Key Card Access.

Working with ownership, JLL launched a new high-end pre-built program at the property in the fall of 2021 and has seen significant momentum among tenants seeking premier, move-in ready space in a vibrant neighborhood. The JLL leasing team is currently negotiating with several additional tenants looking to secure space. 

The JLL team of Sam Seiler, Joe Sipala and Courtney Oarr represented Orbach in transactions. Zebra was represented by Jake Velazquez with Compass, and Moonfare was represented by Ben Saftler with Squarefoot.

“MJ Orbach Associates has invested to thoughtfully transform this property to meet the current needs of tenants,” said Sipala. “Additional move-in ready pre-built spaces are underway on partial and full-floors positioning the building to accommodate companies seeking 3,000- to 20,000 s/f of loft-style creative space that offer growth and flexibility.”

“27 West 24th St. is an ideal solution for boutique companies committed to creating an environment that engages and energizes employees,” said Michael Orbach, founder of MJ Orbach Associates. “The building’s location within the Flatiron District, only steps from Nomad and Chelsea, provide a highly attractive destination at a time of increased competition for top talent.”