NYC's office market rebounding from weak February behind jumbo deals

The office market rebounded from a slight February down-tick with a batch of jumbo deals in the first half of March.

The largest was at William Equities’ 28 and 40 W. 23rd St., where Ramp, a growing financial operations platform, expanded by 153,303 square feet — raising its total at the interconnected buildings to 285,303 square feet.

Rendering of 28-40 West 23rd Street, New York. — William Equities’ expanded lease at 28 and 40 W. 23rd St. was the largest office deal in the the first half of March.

The 575,000 square-foot properties are now 100% leased. Home Depot fills all the retail frontage.

Ramp will have a triplex that includes a penthouse level with a private roof deck. Williams recently completed a newly renovated atrium and communal roof deck.

Williams Equities was represented in-house by Michael T. Cohen and by Colliers’ Andrew Roos, Mac Roos and Jessica Verdi. CBRE’s Ryan Alexander, Jared Isaacson and Jeff Frenkel acted for the tenant.