News: Brokerage

Savills arranges 23,038 s/f lease for Betches Media at 360 Park Ave. South

Manhattan, NY Savills arranged a 23,038 s/f lease for Betches Media at 360 Park Ave. South. The company will occupy the entire sixth floor of the recently renovated Midtown South office building under a long-term lease, relocating from 43 West 24th St. Savills Shay Bolton, Kirill Azovtsev and Jim Wenk represented the tenant.

“Taking a full floor gives Betches the ability to build a headquarters around how their team actually works –  collaborative, content-driven and constantly evolving,” said Bolton. “The Madison Square Park area continues to attract media and creative companies because the buildings support both production and day-to-day office use.”

Founded in 2011 by lifelong friends as an anonymous blog, Betches has evolved into a social-first, multi-platform powerhouse reaching millions of highly engaged women across social channels, original video, podcasts, and live events. As the company reaches its 15th anniversary this month, the relocation aligns its headquarters with the scale of its expanding business. The move is slated for later this year.

“This move marks a real milestone for us; it reflects how far Betches has evolved from a digital media brand into a full entertainment platform and sets us up for our next phase of growth,” said Rachel Licker, chief transformation officer, Betches Media. “Our new headquarters will be the creative engine behind everything we build: where ideas turn into content, content turns into culture, and we bring the full Betches universe to life. Additionally, we’ve partnered with Ali Budd Interiors, an incredible female-founded and owned company, to design a space that truly matches that ambition, and moving day can’t come soon enough.”

Originally built in 1913 and comprehensively renovated in 2023, 360 Park Ave. South offers 23,038 s/f floor plates, ceiling heights ranging from 13 to 17 ft. and operable windows within a restored limestone façade. The 440,000 s/f property features a furnished roof garden with integrated work areas and event space, garden-level conference and lounge facilities, a chef-led restaurant with lobby access, a lobby lounge, bar and café, upgraded HVAC systems with MERV-13 filtration, and a bike room with charging stations. Located near Madison Square Park and within a 10-minute walk of 11 subway lines, the building places Betches in one of the city’s most active office submarkets alongside tenants including Grammarly, Optiver, Ziff Davis and Iconiq.

MORE FROM Brokerage

Sobel of RIPCO Real Estate signs Redefine Meals as newest tenant at New Hyde Park Place

New Hyde Park, NY New Hyde Park Place, the rebranded commercial property at 271-02 Union Tpke.on the Nassau/Queens border, has signed new tenant Redefine Meals, the Long Island-based prepared-meal company, for a new 1,000 s/f location, starting on September
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional