New York property management firm MD Squared Property Group has signed a lease for 16,376 square feet in the office building at 145 West 30th Street in Midtown South. Following this transaction, the twelve-storey building owned by the Feil Organization has achieved an occupancy rate of 100 percent.
The new occupier will take over the entire third and fourth floors of the property, relocating its corporate headquarters from 7 Pennsylvania Plaza to the new address. Negotiations were led internally on the landlord's side by Andrew Wiener, head of commercial leasing at Feil, whilst MD Squared represented itself. The parties agreed not to disclose the precise term of the lease or the asking rent.
Full occupancy as evidence of sustained demand
Andrew Wiener described reaching full occupancy as a significant milestone. He noted that this underlines continued interest in well-connected office space spanning entire floors. The commitment by MD Squared builds on recent leasing momentum at the property and reflects a market environment in which tenants increasingly value high-grade space, efficient floor layouts, and prime links to public transport.
According to property consultancy Colliers, the average prime rent for office space in Midtown Manhattan stood at $85.08 per square foot in the third quarter of 2026. Michael Mintz, founder and chief executive of MD Squared, stated that the partnership with the Feil Organization is based on shared priorities and values regarding support for local communities. This longstanding relationship made the building at 145 West 30th Street a natural choice for their team.
Location attributes around the Penn District
Erected in 1913, the building comprises twelve storeys and is situated in direct proximity to the Penn District, Madison Square Garden, and Pennsylvania Station. Other existing tenants in the property include training provider Tuner School and media firm Wave Sports and Entertainment.
- —Property: 145 West 30th Street, Midtown South, New York
- —Floorspace: 16,376 square feet across two full floors
- —Owner: The Feil Organization
- —Occupier: MD Squared Property Group (relocating from 7 Pennsylvania Plaza)
