LEASED
Captions Leases Office Space At 71 5th Avenue In Union Square
71 5th Avenue
Office
15,202 SF
15,202 SF
Leased 68 days ago
Summary
Lease
NEW YORK
Office
15,202 sqft
Located at 71 5th Avenue in Union Square, the property involved in this lease transaction is an office space spanning 15,202 square feet. The deal was secured at an asking rent of $85 per square foot for a three-year lease term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Landlord: Lubert Adler; Jonathan Ratner & Cindy Chang - Madison Capital
- Tenant: Captions
- Brokers: Benjamin Bass, Daniel Turkewitz, Kyle Riker, Kyle Young & Mitchell Konsker - JLL
The lease transaction at 71 5th Avenue involved the AI video-editing startup Captions, which doubled its previous space in SoHo by leasing the 15,202 square feet offered in Union Square. The deal was facilitated by the brokers Benjamin Bass, Daniel Turkewitz, Kyle Riker, Kyle Young & Mitchell Konsker from JLL. It was finalized with a three-year lease agreement at $85 per square foot, marking a significant expansion for Captions.
Players
Details
LEASED
IMAGE: Benjamin Bass, Daniel Turkewitz, Jonathan Ratner, Kyle Riker, Cindy Chang, Kyle Young & Mitchell Konsker
DATE: 02/23/2024
ADDRESS: 71 5th Avenue
MARKET: Union Square
ASSET TYPE: Office
LANDLORD: Lubert Adler; Jonathan Ratner & Cindy Chang - Madison Capital
TENANT: Captions (@GetCaptionsApp)
BROKERS: Benjamin Bass, Daniel Turkewitz, Kyle Riker, Kyle Young & Mitchell Konsker - JLL (@JLL)
ASKING RENT: $85/ft ~ SF: 15,202
LEASE TERM: three-year lease
NOTE: AI video-editing startup Captions has leased 15,202 square feet at 71 Fifth Avenue in Union Square, doubling its footprint from its undisclosed SoHo location, with a three-year lease signed at $85 per square foot.View on map
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Address71 5th Avenue
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