A residential and retail property owner has signed a deal to relocate its offices to the Paramount Building in Midtown.<\/p>\n
Hubb NYC signed an 11,578-square-foot lease on the fifth floor of Levin Management<\/a> Corporation and Rosemark Management<\/a>\u2019s 1501 Broadway in a move from Stawski Partners\u2019 579 Fifth Avenue, according to CBRE.<\/p>\n SEE ALSO: Finance Firm Webull Takes 42K SF at 140 Broadway<\/a><\/p>\n CBRE did not disclose the asking rent or the length of the lease, but average office asking rent in Midtown was $85.53 per square foot in the third quarter, according to a report from the brokerage.<\/p>\n \u201cThe recent activity at the Paramount Building demonstrates the property\u2019s unique ability to attract a diverse range of office occupiers,\u201d CBRE\u2019s Ryan Alexander said in a statement. \u201cWith premier Times Square positioning, significant ownership investment, Class A prebuilt finishes and a growing amenity package, the building continues to resonate with today\u2019s discerning tenants seeking high-quality space.\u201d<\/p>\n Alexander represented the landlord alongside Sam Spillane, Graham Walter, Nicole Marshall and Jared Isaacson, while a separate CBRE team of Anthony Manginelli and Joe Fabrizi negotiated on behalf of Hubb NYC.<\/p>\n Other tenants in the building include pickleball club CityPickle, which signed a 37,000-square-foot lease in July 2025<\/a>, as well as Martha Graham Dance Company, which took 30,000 square feet for a new headquarters in February 2025<\/a>.<\/p>\n