BXP announced that it has signed long‑term leases totaling 230,000 square feet at its 450,000‑square‑foot 360 Park Avenue South building in Midtown South, New York. The new leases bring the building’s occupancy above 90% and give the property a weighted‑average lease term of 11.4 years.
The tenants span financial services, hospitality, media and AI & technology, including Hunter Point Capital, Trexquant, Betches Media and Marriott International. The mix reflects the building’s appeal to a broad range of high‑quality tenants and underscores demand for BXP’s premier workplace assets in the Madison Square Park submarket.
Prior to the new leases, 360 Park Avenue South was 38% leased after BXP acquired the property in December 2021 for roughly $300 million and began a redevelopment program. The new commitments lift occupancy to over 90%, a level that aligns with BXP’s portfolio‑wide occupancy of 86.7% as of December 31, 2025 and supports the company’s strategy of commanding higher rents and lower vacancy rates in its premium assets.
Hilary Spann, BXP’s Executive Vice President, said, “Midtown South demand continues to center on strong design, flexible amenities and immediate transit access. Our 360 Park Avenue South delivers on those fundamentals.” The quote highlights the features that have attracted the diverse tenant group.
BXP’s Q4 2025 results showed revenue of $877.1 million, up 2.2% year‑over‑year, and net income of $248.5 million. Funds from operations of $1.76 per diluted share fell slightly below guidance because of higher G&A costs and rent reserves, but the company withdrew a planned $600 million equity offering and filed new shelf registrations, indicating active capital management.
The lease activity comes amid a broader office market that has seen mixed demand, yet BXP’s focus on transit‑connected, well‑designed properties continues to attract tenants willing to pay a premium. The 360 Park Avenue South signing reinforces BXP’s position as a leader in the premier workplace segment and signals ongoing confidence in the company’s long‑term growth strategy.
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