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 leasing momentum at 343 Madison Avenue, beat earnings expectations, and advanced its $1.9 billion portfolio 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.
Although BXP has underperformed the broader Nasdaq Composite over the past year, analysts remain moderately bullish on the ...
Essential Properties Realty Trust (EPRT), and Rexford Industrial Realty (REXR), and downgraded Prologis (PLD).
On June 18, 2026, Scotiabank upgraded BXP (BXP Inc.) from "Sector Perform" to "Sector Outperform". The new price target is set at $70, reflecting a...
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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