Chegg Signs 24,205-Square-Foot Office Lease At 132 W 31st St, New York

The transaction involves a 24,205-square-foot office lease located at 132 W 31st St, New York, NY, 10001. The asset is situated in the New York market and is part of the 18-story building known as 31 Penn Plaza. The property is strategically positioned near multiple subway lines and major transportation hubs, enhancing accessibility for the tenant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 132 W 31st St, New York, NY, 10001
• Tenant: Chegg
• Landlord: Vanbarton Group
• Tenant's Representative: Scott Brown - Newmark
• Square Feet: 24,205

Scott Brown from Newmark represented Chegg in negotiating the lease, while Mitchell Konsker, Matthew Astrachan, and Kyle Young from JLL represented the landlord, Vanbarton Group. The relocation marks Chegg's move from their previous New York office at 10 East 39th St. to the entire 12th floor of the building.