Grow Therapy Signs 78,000 Square Foot Office Lease At 145 Delancey Street Manhattan
145 Delancey Street
Building Size
78,000 SF
Asset Type
Office
Closing
Nov 4, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 145 Delancey Street, Manhattan, with a total area of 78,000 square feet. This lease was signed by Grow Therapy, marking its presence in Essex Crossing.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 145 Delancey Street
- Market: Manhattan
- Asset Size: 78,000 square feet
- Landlord: Charles R. Bendit - Taconic Partners, Eben Ellertson - L+M Development Partners, Donald Capoccia - BFC Partners, Prusik Group & Goldman Sachs Urban Investment Group
- Tenant: Grow Therapy
This transaction involved key individuals including Charles R. Bendit, Eben Ellertson, and Donald Capoccia, who represent significant partnerships in the development and leasing of the property. The deal reflects Grow Therapy's strategy of expanding its footprint in Manhattan, as this represents their second lease in the area within a year.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93