Warp Expands Office Presence At 156 5th Avenue In Manhattan With 16,500 Square Feet Lease

The property asset involved in this transaction is an office space located at 156 5th Avenue, Manhattan. The total square footage of the office is 24,500 square feet, which includes an additional 16,500 square feet leased by the tenant. The transaction takes place in a competitive market, highlighting the demand for office space in Manhattan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Lease Duration: Five years
• Landlord: HRC
• Tenant: Warp
• Landlord's Representative: Eric Cagner, Dylan Weisman & Claire Koeppel - Newmark
• Tenant's Representative: Robert Kluge - Current Real Estate Advisors

This lease expansion is significant for Warp following its $60 million Series B funding round and rapid headcount growth, reflecting the company's strategy to accommodate its increasing workforce within the New York market.