Handler Real Estate Organization arranged a long-term, 15,000-square-foot relocation and expansion at 116 W. 32nd St. on behalf of Octane Lending. The fintech startup, which provides a point of sale finance marketplace to assist dealerships in helping their customers obtain financing, will occupy the entire ninth floor at the 16-story office property.
Handler’s Alex Bush represented Octane Lending. He said the tenant was attracted to the 245,000-square-foot property’s creative, high-end space with raised ceilings, polished concrete floors, windows on four sides and new modern lighting.
Owned and operated by Pan Am Equities, 116 W. 32nd is located between Sixth and Seventh avenues, half a block from Penn Station.
CBRE’s Josh Pernice, Freddie Fackelmayer and Rob Hill represented ownership in-house on the transaction.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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