Sublease Tenant at 1359 Bwy Expands Footprint in New Direct Deal

Progyny, the company that provides fertility benefits and insurance, has decided to retain the 25,000-square-foot space previously occupied under a sublease secured in 2019, in addition to making a two-floor expansion. As part of the new 70,573-square-foot 13-year direct lease, Progyny will retain its existing offices on the entire 2nd floor and move in before the end of the year onto a second floor, while possession of the third floor will take place sometime in 2024. Asking rent for the deal was in the mid-$60s per square foot range.