Ziff Davis Inks 23,038 Square Foot Office Lease at BXP’s 360 Park Avenue South

CBRE announced the completion of a 23,038 square foot office lease at 360 Park Avenue South, a workplace owned by BXP in Midtown South offering modern space designed to support the evolving needs for the future of work. Ziff Davis (NASDAQ: ZD), a vertically focused digital media and internet company whose portfolio includes leading brands in technology, shopping, gaming and entertainment, connectivity, health and wellness, cybersecurity, and martech, will relocate its corporate offices from 114 Fifth Avenue and occupy the 17th floor of 360 Park Avenue South.

The CBRE team of Peter Turchin, Gregg Rothkin, Ross Zimbalist, Arkady Smolyansky, Hayden Pascal and Trevor Larkin spearhead the marketing efforts at the 440,000 square foot, 20-story, Class A premier workplace and negotiated the lease transaction on behalf of BXP and GIC. CBRE’s Sacha Zarba and Jeff Fischer acted on behalf of Ziff Davis.

"Just a short walk from Madison Square Park and near major transit options, 360 Park Avenue South has great new amenities perfect for today's office workers," said Hilary Spann, Executive Vice President, New York Region at BXP. "We're building a top-notch workplace that's all about convenience, experience, and functionality, and we're excited to have Ziff Davis join the neighborhood."

“360 PAS has been reimagined by BXP via a $100 million capital improvement campaign to create a truly modern workplace for the needs of today’s discerning corporate space users,” said Mr. Turchin. “We are thrilled to have Ziff Davis join an already impressive tenant roster, including Iconiq Capital, who recently leased 70,000 square feet at this distinctive Midtown South office tower.”

“360 Park Avenue South, in one of Manhattan’s hottest submarkets with Madison Square Park at its doorstep, surrounding transit, dining, and entertainment, attracts established business tenants looking for an office that will support their workforce,” added CBRE’s Rothkin.

BXP has renovated and upgraded the building to support the evolving needs and desires of today’s workforce, including the complete redesign of the ground floor with multiple all-day food and beverage offerings spearheaded by SAGA Hospitality Group and Chef James Kent, owner of Michelin-starred restaurants Crown Shy (1 star) and Saga (2 stars); the addition of a garden-level amenity center featuring conferencing and work-lounge seating areas; a new tenant only roof deck with a bar; elevator cab and mechanical upgrades including destination dispatch technology; the addition of a bike room inside the 26th Street entrance; gut renovation of two lobbies; HVAC infrastructure and filtration upgrades throughout; and upgraded life safety and security systems. Ownership has also recently finished prebuilding a full floor in the building for tenants with immediate space needs.