Associate, Savills Studley
New York State Licensed Real Estate Salesperson
In 2012, Invesco Real Estate acquired 130 Prince Street from Waterman Interests and JP Morgan Asset Management for $140.5 million. At the time, the office component of the building was leased to MAC Cosmetics, a division of Estee Lauder and the retail storefronts were occupied by Cole Haan, Lacoste and True Religion. Nonetheless, as these existing leases expire, there will be an exclusive opportunity for a tenant to have a full building opportunity on one of the most coveted corners in SoHo- between Prince and Wooster Streets.
As tech and creative firms continue to mature in Silicon Alley (the New York equivalent of Silicon Valley), many of these companies are seeking full-building opportunities and unique spaces to attract and retain their talent base, while also building their brands and corporate (or non-corporate) cultures. Accordingly, the chance to inhabit an entire loft building in one of Manhattan’s hottest neighborhoods, with branding and signage as well as unique architectural features is quite compelling. The entire building measures approximately 70,000 square feet and features naming rights, multiple terraces, skylights, extra-high ceilings, minimal columns, and great light throughout. The asset, which is a stone’s throw away from the buzzing restaurant scene and nightlife of the West Village, is an ideal location for companies seeking easy access to some of the finest amenities for their young workforces, as well as a plethora of transportation options.
In about a year, the entire 2nd through 6th floors will be available for possession. The 2nd through 4th floors measure roughly 16,000 square feet each, while the 5th floor encompasses just under 15,000 square feet- the penthouse (6th floor) measures an additional 3,049 square feet and features massive usable terraces. This space has not been on the market for over 20 years and is a rare and exciting availability in one of Manhattan’s most vibrant workforce communities. If you are looking to make a splash in New York City with your office space, reach out to us now to arrange an inspection of this highly desirable site here.
Are you a tech, media or creative firm looking for office space in New York City? Feel free to try our free office space search here.
How long does it take to lease commercial real estate in New York City? The TechOfficeSpaces.com Team is often asked how long it takes to move into new office space…
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