Associate, Savills Studley
New York State Licensed Real Estate Salesperson
Union Square has often been one of the most desirable locations for tech, advertising, media and information (TAMI) companies. With its proximity to multiple subway lines and countless dining options, this submarket tends to cater to a vast demographic of businesses. In a few weeks, an extremely unique fully furnished sublease opportunity at 126 Fifth Avenue will come to market from fast casual food chain mogul, Chipotle.
Chipotle built out the entire 4th floor and a portion of the 3rd floor with a high-end custom installation valued at over $5 million dollars. These workspaces measure 7,000 and 6,700 rentable square feet respectively. The 3rd floor is constructed with a large board room, a few small meeting rooms, a pantry, reception and open area for 32 employees. The 4th floor features 3 perimeter offices, 3 conference rooms, a pantry and open area for 12. These floors must be subleased together and are available for possession immediately. The sublease term extends through April of 2024. The offices show extremely well and have dark wood finishes and slick ceramic walling with 12’ exposed ceilings, making for a classic Midtown South gem. There is also a large interconnecting staircase between the floors. Chipotle’s furniture and wiring can be made available, allowing for an incoming subtenant to take advantage of all of the high-end infrastructure currently in place.
For more information about this space please click here. Feel free to try our free office space search here.
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