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Duo of Midtown South Tech Firms Relocate

NEW YORK CITY—Staying within the submarket, both firms are headed to 275 Seventh Ave., spotlighting this wrap-up of recent deals.

By Rayna Katz | Updated on June 26, 2015

NEW YORK CITY—Two technology tenants are relocating to 275 Seventh Ave., a 600,000-square-foot, 29-story office tower in Midtown South. ClassPass will lease 28,019 square feet for its corporate headquarters while MaxPoint Interactive is leasing 10,044 square feet. ClassPass is moving from 114 W. 26th Street while MaxPoint Interactive is moving from 505 Eighth Ave. is taking the partial 17th floor. ClassPass was represented by Lee & Associates‘ Dennis Someck and Justin Myers; MaxPoint Interactive, Inc. was represented by Savills Studley‘s Daniel Posy and Jason Roberts. CBRE‘s Brian Dooley, Ivan Hillman and Ross Zimbalist are the building’s agents and they worked with the owner’s representative, Tishman Real Estate Services, in negotiating the transactions. Joseph Simone, James Fitzgerald and Andrew Kaminsky, acted for Tishman.

CBRE Group has represented landlord Boston Properties in three office leases totaling 45,300 square feet at 250 W. 55th St.? The team of Peter Turchin, Christie Harle, Sam Seiler and Caroline Merck are the exclusive agency representatives for the trophy tower that offers 988,000 square feet in Midtown. Watson Farley & Williams will occupy 30,400 square feet in a 15-year relocation and expansion lease. CBRE’s Mark Ravesloot, Bill Iacovelli, Michael Wellen and Cara Chayet, represented the law firm, which will move from 1133 Ave. of the Americas in first quarter 2016. Gamut Capital Holdings will occupy 7,500 square feet in a five-year relocation lease. CBRE’s Michael Movshovich and Ben Friedland represented the new fund, which will move in fourth quarter 2015. Lion Point Capital will occupy 7,400 square feet on in a seven-year relocation lease. DTZ‘s Jonathan Schindler and Conor Kenny represented this new fund, which will move in fourth quarter 2015.

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