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NEW YORK, January 13, 2025--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it signed an approximately 246,000 square foot long-term lease renewal and expansion with KnitWell Group at 7 Times Square in New York City, New York. The 20-year lease comprises the existing approximately 191,000 square foot premises plus two additional full floors totaling approximately 55,000 square feet.
"We are in an industry that thrives on in-person collaboration across functions and brands, which is why we are thrilled to be able to bring all of our New York-based KnitWell Group associates into one building," said Patrick Walsh, Chief Operating Officer of KnitWell Group. "We thank BXP and the team at 7 Times Square for their continued support and partnership, and for providing us a fantastic space to call home for the next 20 years."
"7 Times Square offers unmatched convenience and opportunity at the center of New York City’s busiest transportation and entertainment hub," said Hilary Spann, Executive Vice President of BXP’s New York Region. "KnitWell Group’s renewal and expansion speaks to our commitment to providing top-tier amenities and flexible, future-ready workplaces that empower our clients to grow and succeed."
7 Times Square is in the heart of Midtown Manhattan. The 1.25 million square foot tower, developed by BXP, recently underwent an amenities enhancement with conferencing, client lounge, and café services added. Conveniently located in the center of Midtown at the nexus of transportation options, 7 Times Square is steps away from cafés, restaurants, and Bryant Park.
A CBRE team of Eric Deutsch, Ken Meyerson, Jared Freede, Ariel Ball, and Elliot Bok represented KnitWell in the lease negotiations.
About BXP
BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of September 30, 2024, BXP’s portfolio, including properties owned by unconsolidated joint ventures, totaled 53.0 million square feet and 184 properties, with nine properties under construction or redevelopment. For more information, visit www.bxp.com or follow us on LinkedIn or Instagram.