Rain Leases 38,034 Square Feet At 555-557 Broadway In SoHo For $99 Per Square Foot

The asset involved in this transaction is an office space located at 555-557 Broadway in SoHo, Manhattan. The leased space comprises 38,034 square feet with an asking rent of $99 per foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $99/ft.
• Square Footage: 38,034 SF
• Address: 555 - 557 Broadway
• Market: SoHo, Manhattan
• Landlord: Anthony E. Malkin - Empire State Realty Trust
• Tenant: Rain
• Landlord's Representatives: Kerry Lavelle - ESRT; Peter Shimkin, Dylan Weisman, Danny Levine & David Falk - Newmark

This transaction reflects Rain's relocation from NoMad to the Scholastic Building, managed by Empire State Realty Trust. The representation from Newmark indicates a multi-broker collaboration in facilitating this lease agreement.