Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Midtown New York  + Office  |  August 27, 2024
Paul Bubny
By: Paul Bubny

Web3 R&D Company Inks Office Lease in Penn District

Corem AB and GDS Development Management signed a five-year lease at 28&7 with Injective Labs. Injective has taken a full-floor lease of 8,685 square feet at the SOM-designed building. This new lease is another in a series of Web3, institutional finance firms, creative agencies and media companies coming to GDSNY properties across the city.

Injective Labs is a research and development company focused on creating Web3 infrastructure for Injective, a blockchain optimized for building financial applications. 28&7 is a new 12-story, class-A office building at the corner of 28th Street and Seventh Avenue in the Penn District.

“We are happy to report that there is a lot of leasing activity and are very excited to welcome another incredible finance & technology firm to our building,” said Michael Kirchmann, CEO at GDSNY. “With every new tenant, 28&7 continues to solidify its place as a new finance, media and technology headquarters in Manhattan.”

Ownership was represented by Cushman & Wakefield’s Ethan Silverstein, Michael Movshovich, Grant Potter, and Connor Daugstrup. The tenant was represented by Steven Evans of Platinum Properties.

Connect

Inside The Story

GDS Development

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
  • ◦Lease