facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Special Purpose

/

Lease

/

175 Greenwich Street

Glasshouses Leases 70,000 Square Foot Venue At 175 Greenwich Street In Financial District
LEASEDSpecial Purpose

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:

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

Anthony Dattoma

CBRE

Broker

7 deals

Broker
G
GlasshousesBuyer
Vincent Rouget

Vincent Rouget

Unibail Rodamco Westfield

Landlord

$705M

vol

1 deal

Landlord

New York Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Lease transactions

Loading comparables…

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