BXP Inc. has signed law firm McDermott Will & Schulte to a lease for about 150,000 square feet at 343 Madison Avenue, its 930,000-square-foot office tower under construction in Midtown Manhattan. The firm will occupy floors 31 through 37 beginning in October 2029, around the time BXP plans to deliver the project. With McDermott joining existing tenant Starr, which now has about 320,000 square feet after exercising an expansion option, the building is 56% pre-leased. BXP raised its 2026 FFO guidance midpoint slightly to a range of $6.90 to $7.04 per share and has generated about $1.2 billion of net proceeds from asset sales through April 28, 2026. The company's first-quarter results showed more than 1.1 million square feet of leasing, total portfolio occupancy rose 70 basis points to 87.4%, and its leased percentage reached 90.9%.
BXP, Inc.BXP signed a 150,000 sq ft lease with McDermott Will & Schulte, increasing pre-leasing to 56% and raising FFO guidance.
Cousins Properties Incorporated
Vornado Realty Trust