{"id":37096,"date":"2023-11-02T08:31:06","date_gmt":"2023-11-02T05:31:06","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=37096"},"modified":"2025-03-25T16:08:43","modified_gmt":"2025-03-25T13:08:43","slug":"iconiq-capital-doubles-manhattan-office-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/iconiq-capital-doubles-manhattan-office-footprint\/","title":{"rendered":"Iconiq Capital Doubles Manhattan Office Footprint"},"content":{"rendered":"

Iconiq Capital will be the first office tenant at Boston Properties\u2019 360 Park Ave. S. following its redevelopment. The San Francisco-based wealth management company is set to occupy 70,000 square feet of prime Midtown office space<\/a> in the 20-story property, nearly doubling its footprint in the city.<\/p>\n

Iconiq\u2019s previous premises \u2014 totaling a more modest 30,000 square feet \u2014 was located at Rockrose Development\u2019s 15 E. 26th St.<\/p>\n

CBRE\u2019s Jeff Fischer and Chris Corinet brokered the deal on behalf of the tenant, while a CBRE team that included Peter Turchin, Gregg Rothkin, Ross Zimbalist, Arkady Smolyansky, Trevor Larkin and Hayden Pascal represented the landlord.<\/p>\n

Boston Properties acquired 360 Park Ave. S. in 2021 through a joint venture with the Steinberg family\u2019s Empire Asset Management. At the time, the building changed hands for $300 million. The transaction resulted in Boston Properties getting hold of a 42% stake, along with the responsibility for leasing and managing the property. It also kickstarted a $100 million renovation effort at the 440,000-square-foot property.<\/p>\n

Iconiq\u2019s move to a much larger Manhattan office is a sign of the rise of the wealth management industry. As these companies have developed portfolios of high-profile clients \u2014 which include the likes of Mark Zuckerberg, Sheryl Sandberg and Jack Dorsey \u2014 their services have also shifted to ever more elaborate investment strategies. That, in turn, has also led to changes in their recruitment and workspace needs with established financial hubs, such as Manhattan and San Francisco, becoming increasingly appealing.<\/p>\n

Last year, Iconiq inked a sublease deal for 89,000 square feet of Autodesk\u2019s office space at 300 Mission St. in San Francisco\u2019s Mission District. Additionally, it also bought a minority stake<\/a>\u00a0in Madison Realty Capital, a New York-based real estate investment firm.<\/p>\n

By visiting\u00a0<\/em>CommercialCafe.com<\/em><\/a>, you instantly gain access to an extensive database of up-to-date listings that help you find the best office solutions for your business needs:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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Iconiq\u2019s move to a much larger Manhattan office is a sign of the rise of the wealth management industry. The San Francisco-based wealth management company is set to occupy 70,000 square feet of prime Midtown office space in the 20-story property, nearly doubling its footprint in the city.<\/p>\n","protected":false},"author":56,"featured_media":37097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-37096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nIconiq Capital Doubles Manhattan Footprint | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Iconiq Capital will be the first office tenant at Boston Properties\u2019 360 Park Ave. S. following its redevelopment. 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