Flexible Finance, a fintech company that offers residential landlords the possibility to rent in installments, has signed a lease of 41,000 square foot for the top three floors of Rockrose Development’s 300 Park Ave. S. The relocation of the previous location at 33 Irving Place represents a significant expansion for the company.
“This off-market transaction is proof of the constant power of the Avenue South Corridor park and the renewed trust of the technical sector in the market,” said Drew Braver of Cushman & Wakefield, who negotiated the deal on behalf of the landlord.
The Braver team also included Matthias Li, Remy Liebersohn, Heather Thomas and Josh Kuriloff. Ryan Alexander and Jared Isaacson from CBRE represented the tenant.
With the flexible financing lease, the 15 -storey Manhattan office space is now 90% occupied, which concludes a strong year of lease activity. Other recent tenants include AI Company Basis – which lasted 13,671 square foot – and private equity company TCG Capital, which rented 4,533 square foot. Brokers on the deals were Mike Mathias and RJ Johns from Cushman & Wakefield for the basis, as well as Simon Landmann and Matthew Astrachan from JLL for TCG.
After the recent rental momentum, rockrosis and Cushman & Wakefield are now Marketing of the entire fourth floor of the buildingwho has a pre -built office space designed by architect MKDA.
Combining the historic character with modern design, the 200,000 square foot office ownership in 300 Park Ave. S. also known as the Mills & Grubb building a unique opportunity for tenants. Originally built in 1910, the building has a shared roof deck with sweeping views of the city, high ceilings and large floor plates. Located near Union Square and Madison Square Park and with a metro input just outside, offers 300 Park Ave. S. tenants excellent access to transit, eating and retail.
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