BXP Inks More Than 230,000 Square Feet of Leases at 360 Park Avenue South

(Neutral)

(Very Positive)

Key Terms

weighted average lease term technical

Weighted average lease term is the average remaining length of all leases in a property or group of properties, calculated so leases that pay more rent count more than small ones. It matters to investors because a longer weighted average lease term means steadier, more predictable rental income and less near-term risk of vacancies or renegotiations—think of it like the average remaining time on a group of paid subscriptions, weighted by subscription size.

series f funding round financial

A Series F funding round is a late-stage equity financing in which outside investors buy new shares in a private company to provide additional capital. Think of it like adding another tank of fuel to a large ship that’s already underway: it can fund continued growth, acquisitions, or preparation for an exit such as a public offering, but it also typically changes ownership percentages and helps establish a new valuation that investors use to judge risk and future returns.

real estate investment trust (reit) financial

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate like shopping malls, apartments, or office buildings. Investors buy shares of the REIT, making it easy for people to invest in real estate without buying property themselves, and it often pays regular dividends from the rent it collects.

View in glossary

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

03/16/2026 - 07:00 AM

Recent transactions bring the building to more than 90% leased, underscoring the significant demand for premier workplaces in Midtown South

NEW YORK--(BUSINESS WIRE)-- BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced a series of long-term leases at 360 Park Avenue South, a 450,000 square foot premier workplace in Midtown South. The leases, which include both new clients and a significant expansion in the building, total approximately 230,000 square feet with a weighted average lease term of 11.4 years and bring the premier workplace to more than 90% leased.

The leasing activity, which was driven by well-capitalized companies across industries, including financial services, hospitality, media, and AI & technology, illustrates the continued demand for premier workspace in the Midtown South submarket, particularly within the Madison Square Park neighborhood.

Leasing activity includes:

Hunter Point Capital, an independent investment firm, leased approximately 46,000 square feet across the entire 15^th and 16^th floors.
Trexquant, a global quantitative investment manager known for its research-driven approach and collaborative engineering culture, leased approximately 23,000 square feet on the entire tenth floor to launch its New York City office. The new location will serve as a hub for hiring top talent across quantitative research, software engineering, and trading, reflecting the firm’s continued growth and investment in innovation.
Betches Media, a female-founded women’s entertainment brand leased approximately 23,000 square feet on the entire sixth floor. As the company reached its milestone 15th anniversary, the relocation aligns its headquarters with the scale of its expanding business.
Marriott International, Inc., the world’s largest hospitality company with more than 9,800 properties globally, leased approximately 23,000 square feet, utilizing the entire 14th floor to house its New York City-based corporate associates supporting the company’s Luxury Group, global brand public relations, and Riott Haus Creative, Marriott’s in-house creative agency.
Vercel, an agentic infrastructure platform, leased approximately 23,000 square feet on the entire ninth floor. The company continues to grow rapidly coming off its $300M Series F funding round in 2025, valuing the company at $9.3B. This growth stems from the rise of agentic coding technology, as Vercel provides tools and infrastructure for AI developers and agents themselves to build and deploy.
Optiver, a global market maker, expanded into an additional 92,000 square feet across floors two through five, bringing its total footprint at the building to approximately 115,000 square feet.

“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, New York Region, BXP. “In Midtown South, demand continues to center on strong design, flexible amenities, and immediate access to transit and neighborhood energy. 360 Park delivers on those fundamentals, and the market response reflects that.”

360 Park Avenue South sits on the corner of Park Avenue South and 26th Street, one block away from Madison Square Park and equidistant from prominent transportation hubs like Grand Central Station and Penn Station. The building features modernized systems, expansive renovated lobbies, full-floor prebuilts, ground-floor dining and a hospitality-focused amenity experience featuring dedicated lounges, coworking spaces, and a conference center. A communal rooftop terrace offers skyline views and space for open-air events, while a ground-floor bike valet enhances commuter convenience.

Leasing at 360 Park Avenue South is led by Andrew Levin and Will Stark of BXP. A CBRE team of Peter Turchin, Gregg Rothkin, Hayden Pascal, Arkady Smolyansky, Ross Zimbalist, and Trevor Larkin has advised BXP on the lease-up of 360 Park Avenue South since BXP acquired the building in 2021.

To learn more about BXP’s portfolio and ongoing development initiatives, visit www.bxp.com.

About BXP
BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2025, BXP’s portfolio, including properties owned by unconsolidated joint ventures, totaled 52.6 million square feet and 179 properties, including eight properties under construction or redevelopment. For more information, visit www.bxp.com or follow us on LinkedIn or Instagram.