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Deals & Dealmakers

Clarion Partners Announces New Common Areas Coming to 114 West 41st Street Later This Year

Clarion Partners has announced a series of upgrades and improvements at 114 W
41st Street off Bryant Park. The renovations are intended to create more sophisticated, modern, and functional common areas and amenity spaces for tenants and visitors, as the “flight to quality” trend continues to be a distinction in the office market.

The redesigned common areas by MKDA will bring an added sense of sophistication to the spaces while providing an environment of enhanced collaboration, comfort, and convenience. The spaces will feature high-end finishes and more modern and versatile furniture, as well as a new private fireside lounge, ideal for work breaks or private tenant events. The pantry, dining galley and lounge can be combined to accommodate larger private tenant events for up to 115 attendees. Both building lobbies on 41st and 40th Streets will also be upgraded with new desks and turnstiles.

“We are thrilled to reveal these new renovations and look forward to offering our tenants an enhanced standard of sophistication and functionality at 114 W 41,” said Margaret Egan, Clarion Partners’ Senior Vice President of Asset Management. “As tenants in the market gravitate towards higher-quality, institutional assets, we are confident the redesigned common areas will provide a more productive, inspiring, and enjoyable location for their organization. The upgrades will enrich the building’s distinctive boutique ambiance while appealing to a wider array of tenant types seeking turnkey, one-of-a-kind space in a premier business environment.”

The new common area upgrades are the latest improvements to 114 W 41. Renovated in 2017, the 22-story, 352,000-square foot building was reimagined with a contemporary vibe and aesthetic. Tenant floors feature flexible open layouts, ceiling heights from 12’ 6” to 14’ 4”, polished concrete floors, brick walls, exposed columns, and abundant natural light. Each available space is pre-built with high-end finishes and fixtures, large open pantries, and customizable interior glass walls.

“The new upgrades to the amenities at 114 West 41st  Street will allow the building to remain one of Bryant Park’s most highly sought destinations for tenants seeking a boutique, creative atmosphere with market-leading full floor prebuilt spaces,” added Newmark Vice Chairman Scott Klau, who heads up the leasing efforts at the property. “This is demonstrated by the building’s incredible tenant roster of firms, such as Anhueser-Busch Inbev, Snowflake, Inc and VTS.”

Current availability ranges from full floor pre-builts of 16,000 square feet to partial floor units of 7,356 square feet. The building’s retail spaces are fully occupied, featuring Maman bakery, Dos Toros, and Glaze Teriyaki. For more information on 114W41, please visit 114W41.com

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