June 15, 2017
Pelli Clarke Pelli Architects renewed its lease for 11,100 square feet at 322 Eighth Avenue in Manhattan’s Chelsea neighborhood. Another tenant, Young Women’s Leadership Network (YWLN), renewed its 7,000 square-foot lease and expanded for another 4,100 square feet.
“It’s not surprising to see this kind of commitment at 322 Eighth Avenue, which is indicative of the ownership’s continued investment in the asset,” said Allen Gurevich for owner Newmark Holdings, which represented itself in the transaction.
Newmark Holdings recently completed a $4 million capital improvement program to redesign the façade of the first two stories of the 21-story, 175,000-square-foot building, which resulted in a cohesive glass storefront. The main entrance has also been enhanced with a sculptural canopy.
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