January 28, 2025 9:00 AM
Newmark announces the firm has arranged three new office leases on behalf of ownership at 19 West 34th Street, The Martin Building, in Midtown Manhattan. The transactions total 38,659 square feet, welcoming new tenants PatientPoint and Practice for Architecture Urbanism (PAU) and expanding tenant Centric Brands’ existing lease. Newmark Vice Chairman Jared Horowitz and Associate Director William Grover are the exclusive leasing agents for the property and facilitated the leasing on behalf of the landlord, PRD Realty.
“We are encouraged by the recent flurry of activity, which is a direct result of the brand new pre-built suites and improvements within the property,” said Horowitz. “We look forward to welcoming each tenant into their new space and continue to build off this momentum to realize the asset’s full potential over the course of this year.”
An overview of the transactions include:
- PatientPoint, a leading digital health company connecting patients, healthcare providers and life sciences companies, signed a 19,093-square-foot lease spanning the entire 12th floor.
- Centric Brands, a global apparel and accessories company, signed a 15,277-square-foot lease expansion on the sixth floor. The space is in addition to its location across the street within the Empire State Building.
- PAU, a New York City-based architecture and urban planning firm, signed a lease for 4,289 square feet on the 10th floor.
The Martin Building is a 247,460-square-foot office building originally completed in 1905 and designed by Warren & Wetmore. The property benefits from being surrounded by the highly amenitized neighborhood, offering a plethora of restaurants, retail, hospitality and entertainment destinations. Additionally, nearby transportation hubs include Union Square Station and Grand Central Station, among other MTA subway stops in-between.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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