Williams Equities recently completed a major expansion and extension deal with Ramp, a finance automation platform, at their property located at 28 & 40 W. 23rd St. in Midtown South. The transaction involved Ramp leasing the entire fourth floor of the building, which spans over 66,000 square feet. At the same time, they also extended their lease for the second floor of equal size that they had previously occupied under a short-term agreement last year.
This new long-term lease ensures that both floors will be co-terminus for Ramp’s operations in this location going forward. This marks the second time in two years that Ramp has doubled its footprint as it continues to experience significant growth and success since relocating from Union Square.
The recent deal between Williams Equities and Ramp is one of Midtown South’s largest office leases this year. A team from Colliers consisting of Mac Roos, Andrew Roos Michael T.Cohen,and Jessica Verdi represented ownership during negotiations while Cushman & Wakefield’s Michael Mathiasand RJ Johns acted on behalf ofRamp.
