Newmark completes 80,000 s/f of leasing at the Flatiron Suites

March 22, 2022 - Brokerage

New York, NY Newmark has completed more than 80,000 s/f of leasing transactions over the past 12 months at the Flatiron Suites, three office properties in the heart of New York City's Flatiron District. Newmark's executive managing director Eric Cagner and associate director Dylan Weisman serve as exclusive leasing advisors for the properties, representing managing agent HRC Corporation in the transactions.

The Flatiron Suites, located at 156 Fifth Ave., 91 Fifth Ave. and 5 West 20th St., feature move-in ready suites ranging in size from 1,000 s/f individual units to blocks as large as 50,000 s/f, offering flexibility and stylized aesthetic.

"Today's tenants seek a higher standard when it comes to the delivery condition of the space, and ownership did a tremendous job of recognizing that," said Cagner. "We proactively made modifications to enhance the materials and design features of our spaces, all of which was validated by the terrific tenancy that we were able to attract to the portfolio."

Highlights of the recent leasing transactions completed by the Newmark team include:

API platform Codat.io signed a 16,500 s/f lease for the entire 4th floor at 156 5th Ave.
Business services provider Order, formerly known as Negotiatus, leased the entire 16,500 s/f 7th floor at 156 Fifth Ave.
Nautilus Labs, which builds artificial intelligence to advance the efficiency of ocean commerce, leased a 9,900 s/f suite at 156 Fifth Ave.
Encourage Capital leased 8,000 s/f suite at 156 Fifth Ave.
Family experience company CAMP leased 8,000 s/f at 91 Fifth Ave.
Equity Multiple, a real estate investment platform, leased 8,000 s/f at 91 Fifth Ave.
Lunar Solar, which provides e-commerce and digital marketing services, leased 8,000 s/f at 91 Fifth Ave.
Online payment consolidation service Kasheesh! leased 2,800 s/f at 5 West 20th St.

The Flatiron Suites buildings are located along Fifth Ave. between 17th St. and 20th St., offering proximity to Union Square and Madison Square Park and neighborhood amenities including Whole Foods, Shake Shack, the Farmer's Market at Union Square, Eataly, Union Square Café, Oceans and Gramercy Tavern. The buildings are accessible via the 4, 5, 6, B, D, F, L, N and R subway lines as well as the PATH trains.