Tishman Real Estate Services has signed two tech tenants to its recently revamped 275 Seventh Avenue in Midtown South, Commercial Observer has learned.
ClassPass, which forms a network of online fitness classes, inked a deal for 28,019 square feet, or the whole 11th floor, of the building between West 25th and West 26th Streets, according to landlord representative CBRE. MaxPoint Interactive, a digital advertising company, signed a lease for 10,044 square feet on part of the 17th floor.
“There’s no secret [technology, advertising, media and information] tenants are driving the market,” Ross Zimbalist of CBRE to CO. “That’s just what’s been driving the market, so we’ve captured that.”
Mr. Zimbalist declined to provide terms of the lease, but said asking rent in the base of the 27-story building is $63 per square foot.
He represented the landlord with Brian Dooley and Ivan Hillman of CBRE, along with Joseph Simone, James Fitzgerald and Andrew Kaminsky of Tishman Real Estate Services in-house. Dennis Someck and Justin Myers of Lee & Associates represented ClassPass, while Daniel Posy and Jason Roberts of Savills Studley represented MaxPoint Interactive...Pair of Tech Tenants Moving to 275 Seventh Avenue
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