In a strategic move to establish a prominent presence in Midtown Manhattan, 24 Exchange, a multi-asset class trading platform, has successfully completed a lease transaction with Mark Gindi at 259 W 30th Street. The property, owned and managed by MJ Orbach Associates, Inc., provides an ideal location for 24 Exchange, fulfilling their goal of being in Midtown Manhattan.
Recognizing the importance of securing an office space in Midtown Manhattan, 24 Exchange engaged the expertise of Mark Gindi, a seasoned real estate professional. Gindi, known for his insight into the market, helped identify 259 W 30th Street as the perfect fit for 24 Exchange's needs.
Regarding the choice of location, Mark Gindi stated, "Midtown Manhattan is the heart of business and commerce, making it an ideal location for 24 Exchange to establish its presence." Gindi's understanding of the market dynamics and the company's aspirations influenced the selection of 259 W 30th Street.
The leased space at 259 W 30th Street provides ample room for 24 Exchange's operations, encompassing approximately 2,500 square feet. The negotiations involved an asking rent of $45 per square foot. The tenant signed a long-term lease agreement, reflecting their commitment to establishing a stable presence in Midtown Manhattan.
By securing an office in Midtown Manhattan, 24 Exchange positions itself within a vibrant business hub, surrounded by various industries and potential partners. The strategic choice of location aligns with the company's growth plans and future aspirations.