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Ryan Simonetti Of Convene Leases 32000 Square Feet Office At Scholastic's 555 Broadway In SoHo
LEASED
New York
See Similar DealsOffice32,000 SF
Leased 07/15/2025
LEASED
Ryan Simonetti Of Convene Leases 32000 Square Feet Office At Scholastic's 555 Broadway In SoHo
555 Broadway
See Similar DealsOffice32,000 SF
Leased 07/15/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:32,000 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 555 Broadway in SoHo, Manhattan. The total square footage of the asset is 32,000 square feet, which Scholastic is leasing to Convene for its 16th location in New York City, set to open in spring 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 555 Broadway
- Market: SoHo, Manhattan
- Landlord: Scholastic
- Tenant: Ryan Simonetti - Convene
- Broker: Karen Bellantoni & Jackie Totolo - Newmark
Convene is securing this lease to fulfill increased client demand in the SoHo neighborhood, reflecting a strategic expansion of their office presence in New York City.
Players
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,834,220.69
Total Lease Value
$18,342,206.90
Net Landlord Cash Flow$1,834,220.69
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