NEW YORK — BXP, the largest publicly traded developer and owner of premier workplaces in the United States, has signed more than 230,000 square feet of new long-term leases at 360 Park Avenue South, bringing the Midtown South office building to over 90 percent leased.
The leasing activity reflects continued demand for high-quality office space in Manhattan’s Midtown South submarket, particularly in the neighborhood surrounding Madison Square Park. The agreements have a weighted average lease term of 11.4 years, according to the company.
The 450,000-square-foot building, located at the corner of Park Avenue South and 26th Street, has attracted a mix of financial services, media, hospitality, and technology firms seeking modern workspaces in a well-connected location.
Major Tenants and Expansions
Among the largest new tenants is Hunter Point Capital, an independent investment firm that leased approximately 46,000 square feet across the entire 15th and 16th floors.
Trexquant Investment, a global quantitative investment manager, leased about 23,000 square feet on the 10th floor to establish its New York City office, which will serve as a hub for hiring talent in quantitative research, engineering, and trading.
Media company Betches Media signed a 23,000-square-foot lease for the entire sixth floor as the female-founded entertainment brand expands its headquarters during its 15th anniversary year.
Hospitality giant Marriott International leased 23,000 square feet on the 14th floor for corporate employees supporting the company’s Luxury Group, global brand public relations team, and Riott Haus Creative, its in-house creative agency.
Technology firm Vercel also leased 23,000 square feet on the ninth floor as it continues to expand following its $300 million Series F funding round in 2025, which valued the company at $9.3 billion.
Meanwhile, global market maker Optiver expanded its footprint by 92,000 square feet across floors two through five, bringing its total presence in the building to approximately 115,000 square feet.
Demand for High-End Office Space
According to BXP executives, the leasing momentum highlights a broader trend in the office market: companies increasingly prioritizing premium workspace in prime locations.
“The momentum at 360 Park Avenue South underscores a clear reality that companies are prioritizing best-in-class space in the right locations,” said Hilary Spann, Executive Vice President for the New York Region at BXP.
“In Midtown South, demand continues to center on strong design, flexible amenities, and immediate access to transit and neighborhood energy,” Spann added.
Modernized Workspace and Amenities
Located one block from Madison Square Park and roughly equidistant from Grand Central Terminal and Penn Station, the building has undergone major upgrades since BXP acquired the property in 2021.
The property features modernized building systems, renovated lobbies, and full-floor prebuilt office suites, along with ground-floor dining and hospitality-style amenities. Tenants also have access to coworking spaces, conference facilities, dedicated lounges, and a communal rooftop terrace designed for events and open-air gatherings.
Additional amenities include a bike valet service to accommodate commuting employees.
Leasing activity at the property was led by BXP’s Andrew Levin and Will Stark, with a brokerage team from CBRE advising the company on leasing efforts since the acquisition of the building in 2021.
The recent transactions underscore the continued resilience of high-end office properties in prime Manhattan locations, even as the broader office market continues to adjust to post-pandemic workplace trends.
