Glossier Inc. Subleases 12,300 SF Office Space At 233 Spring Street In New York City
LEASED
$80
New York
See Similar DealsOffice12,300 SF
Leased 03/01/2023
LEASED
Glossier Inc. Subleases 12,300 SF Office Space At 233 Spring Street In New York City
233 Spring Street
See Similar DealsOffice12,300 SF
Leased 03/01/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$80
Total Square Footage:12,300 SF
Transaction Type:Lease
Glossier Inc. has subleased a 12,300 square foot office space located at 233 Spring Street in New York City. The subtenant, Mazarine Group, will occupy the space for a lease term of 6 years. The asking rent for the sublease was $80 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Address: 233 Spring Street
- Market: New York City
The subtenant's representatives in the deal were Jeff Sharon from JSRE MGMT and Michael Segerman from Current Real Estate Advisors. Glossier Inc. was represented by CBRE. It is worth noting that CBRE played a crucial role in facilitating the transaction, along with the assistance of RE Attorney Jeff Platte and Stellar Management, who obtained the landlord's consent.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,128,045.72
Total Lease Value
$11,280,457.24
Net Landlord Cash Flow$1,128,045.72
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