Leases  ·  Office

Sports Betting Media Company Action Network Secures 8K SF at 61 West 23rd Street

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Sports betting media company Action Network is wagering on offices elsewhere in a relocation to 61 West 23rd Street.

The Action Network plans to part ways with 275 Madison Avenue and move to 8,367 square feet in the Midtown South building bought by suitmakers the Zegna family in 2016, according to landlord brokers CBRE (CBRE). Asking rent was $78 per square foot, according to CBRE.

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The brokerage and Taconic Partners, development advisors for the Zenga family, did not show their hands on the length of the lease or the names of brokers who negotiated on behalf of the tenant.

“With its recent redevelopment, 61 West 23rd Street offers a distinguished product in the heart of the Flatiron District,” Colleen Wenke, president of Taconic , said in a statement.

CBRE’s Paul Amrich, Neil King, Alexander Golod and Meghan Allen represented the landlord in the deal.

After Zenga picked up the seven-story property, Taconic, a development advisor for the owners, restored the building’s façade, renovated the main lobby and freight lobby and brought in new elevator cabs in 2021. Other tenants in the building include retail occupants Sisu Cosmetics and Empire State of Wine.

Mark Hallum can be reached at mhallum@commercialobserver.com.