Cushman & Wakefield announced that 28&7, a boutique Class A office building located at 205 W. 28th St. in Manhattan’s Chelsea neighborhood, has reached 100% occupancy with two new office leases. Verance Capital Management has signed a lease for 2,041 square feet, while Melius AI has leased 4,595 square feet.
A Cushman & Wakefield agency leasing team of Michael Movshovich, Connor Daugstrup and Grant Potter represented the landlord, Capstone Equities, in both transactions. Ben Friedland, Taylor Scheinman, Gary Davies, and Owen Reda of CBRE represented Verance, while Ryan Alexander, Jared Isaacson, and Jeffrey Frenkel, also of CBRE, represented Melius AI.
“These leases mark an important milestone for 28&7, bringing the building to full occupancy and reinforcing the continued demand for high-quality boutique office space in Chelsea,” said Avi Kollenscher of Capstone.
Capstone acquired 28&7 in November of 2025 and has since signed three leases to bring the building to 100% occupancy. The asset benefited from strong interest from fast-growing AI companies.
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