Avison Young Brings Meatpacking District Offices to Full Occupancy

Avison Young has leased 62,364 square feet across eight leases at 416 W. 13th St., bringing the office portion of the 144,000-square-foot neoclassical Meatpacking District building to 100% occupancy. The lease-up was achieved in just six months.

The recent leasing velocity was driven by a blend of expansions, renewals and three new leases including a financial exchange and prediction market company (18,685 square feet), Fundbox and Fragment.

Avison Young principal Joseph Gervino, senior director Peter Johnson, director Alexis Odgers and senior associate Alexa Damon represented the landlord, Greenway Mews Realty, LLC. Cushman & Wakefield’s Peter Kerans and Harley Dalton represented Kalshi, Elegran Capital’s Christina Combias represented Fundbox and Cushman & Wakefield’s Mike Matthias represented Fragment in their respective transactions.

“The activity at 416 W. 13th St. highlights one of the biggest trends in today’s market: tenants want well-run, move-in ready space that enables them to be productive from day one,” said Gervino. “This successful lease-up campaign demonstrates that well-operated non-trophy buildings can compete with premier assets by delivering quality, efficiency and the right experience at the right price.”

Read More News Stories About: Avison Young

Connect

Inside The Story

Avison Young's Gervino

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints