New York, NY

CBRE Arranges 8,367 Sq. Ft. Office Lease for The Action Networkat 61 West 23rd Street

April 10, 2023

Exterior of office building located at 61 West 23rd Street in Manhattan

CBRE today announced it has completed an 8,367-sq.-ft. office lease at 61 West 23rd Street. The Action Network, a sports media company featuring news and analysis focused on sports betting in the United States, inked a long-term lease on the second floor of the seven-story, luxury loft office property located in the heart of the Flatiron District.

The CBRE team of Paul Amrich, Neil King, Alexander Golod and Meghan Allen spearheads the leasing campaign at 61 West 23rd Street and represented the ownership, 61 West 23rd Street LLC, in the negotiations. The asking rent was $78 per sq. ft.

“With its recent redevelopment, 61 West 23rd Street offers a distinguished product in the heart of the Flatiron District. We are thrilled to welcome Action Network to the building and continue to attract highly regarded tenants alike,” said Colleen Wenke, President, Taconic Development Advisors, as Ownership’s development advisor.

Built in 1887 and completely modernized in 2021, 61 West 23rd Street is a historic property with newly created loft-style office space with boutique floor plates, high ceilings and prebuilt availability. Additionally, the building features a restored façade, brand-new attended lobby, new freight lobby and new elevator cabs. Ownership recently welcomed new retail tenants including Sisu Cosmetics and Empire State of Wine. The building is conveniently located one block west from Madison Square Park and close to all major subway lines.

The entire 3rd, 4th ,5th, and 6th floors are available for lease and measure 8,367 sq. ft. each. The 3rd and 5th floors are newly prebuilt to a high-end standard and the 4th and 6th floors are planned prebuilts.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.