BXP secures 150,000 SF lease with McDermott
The law firm leased space at 343 Madison Avenue, now 56% pre-leased, for its expanding New York operations.
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In short: BXP reported strong financial results, executed significant leasing across major hubs, and advanced its $1.9 billion asset disposition strategy.
The law firm leased space at 343 Madison Avenue, now 56% pre-leased, for its expanding New York operations.
Revenue rises 0.8% to $872.1M. Net income hits $101.6M or $0.64 EPS. Executes 1.1M SF leases, occupancy up 70 bps. Updates full-year FFO guidance to $6.90-$7.04.
Highlights include 38% energy intensity reduction, carbon-neutral operations, and 2.1 million sq ft retro-commissioning. Report details approach, goals, and KPIs.
The leases total 230,000 square feet with an 11.4-year average term, bringing occupancy above 90%. Tenants include Hunter Point Capital, Trexquant, Betches Media, Marriott, Vercel, and Optiver.
On June 16, 2026, BXP Inc (NYSE: BXP) announced the successful finalization of a lease with McDermott Will & Schulte for approximately 150,000 square feet...
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