Avison Young arranges lease at 220 W 19th St. with payments processing technology company
New York, New York – Global real estate advisor Avison Young has arranged a 2,468-square-foot lease at 220 West 19th Street with Flowglad, a payments processing company, for its first New York City office. Flowglad joins a premier roster of tenants at the boutique, 12-story Chelsea office building including The Corcoran Group, Celtra, Covisian, Crunch Fitness and Diesel’s headquarters for its North American operations.
Avison Young Principal Michael Gottlieb and Senior Directors Joel Wechsler and Patrick Steffens represented the landlord, Red Circle N.Y. Corp. Newmark Managing Directors Stephen Cisarik and Joshua Berg represented Flowglad. The Avison Young team is also marketing three other floors in the building, two of which will be newly renovated and become available in Q1 2026, on behalf of ownership.
“At 220 West 19th Street, tenants get a top-tier space in a great building, which has become more important than ever as employers bring their employees back to the office,” said Gottlieb. “With two additional floors becoming available in Q1 2026, we anticipate seeing heightened interest from companies looking to plant their flag in the Chelsea submarket.”
220 West 19th Street is an owner-occupied property currently occupied by Diesel, a company affiliated with Red Circle, which occupies three floors. The building has also housed other renowned fashion brands like Maison Margiela, Jil Sander and Marni. Built in 1910, the building recently underwent capital improvements to the façade, lobby, turnstiles and elevator system. In addition to the Crunch Fitness located within the building, it offers quick access to attractions such as the Highline, Chelsea Market and Union Square Park as well as a variety of nearby amenities including fine dining, shopping, cafés and nightlife.
According to Avison Young’s Q4 Manhattan office market report, office leasing activity in 2025 reached nearly 40 million square feet (msf), marking the strongest year since 2019. Manhattan’s overall availability rate of 15% at the end of 2025 is the lowest availability rate in over five years.
About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2025 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 14 consecutive years.
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