Full Floor Office Space Opportunity in Meatpacking District

February 7, 2017

Tech Office Spaces Author

Washington D.C. Team Market Expert | Assistant Director, Savills Studley | DC/MD/VA Licensed Real Estate Broker

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Furnished Plug & Play Sublease from Intercept Pharmaceuticals

Running from West 17th Street to Gansevoort Street and from the Hudson River to Eighth Avenue, the Meatpacking District is Manhattan’s cultural melting pot where exotic nightlife is blended with the neighborhood’s industrial backbone and contemporary lifestyle. Dating all the way back to the 1960’s when underground clubs migrated here, this area has always had a certain edginess about it.

The world we live in today is a world where office space has no boundaries. No neighborhoods are being overlooked. There is still undiscovered product out there, if you know where to find it. 437 West 16th Street, a quaint 32,000 square foot building in the heart of Meatpacking, is home to biopharma giant Intercept Pharmaceuticals until May of 2017 when they make their move to Hudson Yards. They are leaving behind two full floors for sublease.

Measuring roughly 5,400 rentable square feet each, the entire 4th and 5th floors just hit the market and are available for occupancy as soon as Intercept leaves in May. Their preference is to lease both floors together but would consider leasing them separately. This opportunity is perfect for any TAMI or creative users because of the above standard buildout with exposed ceilings, skylights, mixture of open work area and conferencing, private offices, open style pantry/lounge, and large training room on the 4th floor (click here to see the 4th floor and here to see the 5th floor). In addition, there is an exclusive landscaped, furnished roof deck for subtenant’s use with panoramic views of Meatpacking and the Highline. With its smaller floor plates and rooftop amenity, this building possesses the attributes of a boutique building perfect for a  growing tenant to thrive with a full-floor presence. This furnished plug and play sublease has a term that extends through February of 2021, creating a relative short-term opportunity to call a remarkable office space home.

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