Robinhood Signs 30-Year Lease For 53,000 Square Feet Office At 841 Broadway In Union Square

The property asset involved in this transaction is an office space located at 841 Broadway in the Union Square market. It features a total area of 53,000 square feet and is leased by Robinhood for a 30-year term at an asking rent of $80 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80/ft
• Address: 841 Broadway
• Market: Union Square
• Landlord: Jeffrey Feil - The Feil Organization
• Tenant: Robinhood
• Landlord's Rep: Andrew Wiener & Robert Fisher - The Feil Organization
• Tenant's Rep: Andrew Dzenis & David Carlos - JLL
• Lease Term: 30-year lease

Robinhood has signed a lease agreement to move into the fifth through eighth floors of the Roosevelt Building after relocating from its previous address at 826 Broadway. The involvement of both the landlord and tenant representatives emphasizes the collaborative nature of this long-term lease arrangement.