Glasshouses Leases 70,000 Square Foot Venue At 175 Greenwich Street In Financial District
175 Greenwich Street
Building Size
70,000 SF
Asset Type
Special Purpose
Closing
Jul 10, 2026
AI
The property asset involved in this transaction is a special purpose venue located at 175 Greenwich Street, within the Financial District. The leased space encompasses 70,000 square feet and will serve as a flagship event venue, named Glasshouse Downtown, within the Westfield World Trade Center complex. Construction is projected to be finalized by 2028.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: Not disclosed
- Address: 175 Greenwich Street
- Market: Financial District
- Size: 70,000 square feet
- Landlord: Vincent Rouget - Unibail-Rodamco-Westfield
- Tenant: Glasshouses
- Broker Representatives: Anthony Dattoma, Chris Mansfield & Zachary Weil - CBRE
Notably, Glasshouses has secured a long-term lease for their new venue, marking a significant commitment to the location. The involved brokers, Anthony Dattoma, Chris Mansfield, and Zachary Weil from CBRE, facilitated the transaction for the tenant and landlord.
Players
New York Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Lease transactions
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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