Avison Young arranges new 7,801-square-foot office lease for Bisnow at 123 William StreetJuly 13, 2021
New York – Avison Young announced today that its New York office has arranged a new office lease at 123 William Street with Bisnow, one of the commercial real estate industry’s leading digital media platforms. Bisnow inked a new 7,801-square-foot (sf) lease for part of the 15th floor of the class A FiDi office tower.
Todd Korren, a Principal in Avison Young’s New York City office, represented the landlord New York City REIT (NYSE:NYC), a publicly traded real estate investment trust, in the negotiations in addition to sourcing the tenant. As the exclusive leasing agent for 123 William Street, Korren and team have closed and are actively negotiating approximately 136,000 sf of new leases and renewals in the building.
“We were able to structure a new lease with Bisnow for a pre-built space on the 15th floor of the building prior to the lease expiration of the previous tenant,” said Korren. “This lease represents a reoccurring trend of occupiers shifting away from raw space and seeking private, turn-key offices with flexible terms to accommodate growth.”
123 William Street is a 27-story class A office tower in the heart of Lower Manhattan. The building’s prime location between the South Street Seaport and World Trade Center coupled with its recently completed capital improvements have positioned the property as a hub for TAMI, Financial, Legal and Non-Profit organizations. 123 William Street offers immediate access to 11 subway lines via the Fulton Street Transit Center, the PATH and ferries to New York and New Jersey.
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.
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