The Real Deal New York

After much scouting, Samsung signs lease in Chelsea

Electronics company picks up 15K sf space at 123 West 18th Street

September 24, 2014 11:30AM

From left: Samsung CEO Choi Gee Sung and 123 West 18th Street

From left: Samsung CEO Choi Gee Sung and 123 West 18th Street

Electronics giant Samsung has signed a new lease on 18th Street.

After reportedly scoping out around two dozen locations in Chelsea, the South Korea-based company settled on a 15,000-square foot space on the seventh floor of 123 West 18th Street.

In June, Samsung signed a lease for 55,000 square feet, or the entire six-story property, at a Thor Equities-developed building at 837 Washington Street in the Meatpacking District.

Avison Young’s Michael Leff and David Cohen represented the Boxee Group, a media software company Samsung purchased in July 2013, while ABS Partners’ Andy Udis represented landlord Wasserstein Enterprises. The deal reportedly had an asking rent of $58 per square foot. [NYP, 3rd] — Claire Moses

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