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New York & Tri-State  + Downtown New York  + Office  |  May 3, 2022
By: Paul Bubny

KPG Funds Signs Praxis to Full-Floor Lease 

KPG Funds has leased the entire third floor of 7,462 square feet at 446 Broadway to Praxis, a social media platform for those interested in joining an online community aimed at developing energetic, resident-owned, self-governed cities. The lease brings 446 Broadway to full occupancy. 

“Praxis is an innovative city builder that brings together the best in technology and real estate to build better cities founded on shared values and community,” said Greg Kraut, CEO of KPG Funds. “We have created a similar feel at 446 Broadway and are thrilled to be part of this innovation.” 

Cushman and Wakefield’s Greg Herman represented Praxis, while David Malawer of Newmark represented ownership. Praxis, whose third-floor space is known as The Gallery due to the street art and furniture that was included with the space, joins a tenant roster that includes Rally Road, Cabin Edit, The Org and Rumi. 

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About Paul Bubny

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. 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 15-20 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).
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