The modern 400 Record was redesigned with employees, future tenants and the surrounding community in mind, to transform the building into a public space with an enhanced street experience.

Tenant demand is at an all-time high, as are rental rates and occupancy costs but Interstate 80 Logistics Center will offer tenants an institutional-quality alternative for logistics, distribution and e-commerce operations.

The real estate company acquired the stake in the Upper West Side office building from SL Green.

With hotel occupancy rates hitting 80%, RevPAR growth next year will likely be fueled by rate gains.