Chobani triples space with Soho move

Greek yogurt maker will take top two floors of GGP’s 200 Lafayette Street

New York /
Feb.February 04, 2015 11:00 AM

UPDATED, Feb. 9, 10:37 a.m.: Yogurt company Chobani is expanding its space nearly threefold and getting the test kitchen of its dreams in a move from one Soho building to another, General Growth Properties’ 200 Lafayette Street.

The rest of the building is occupied by J.C. Penney, which is giving up the top two floors to make way for Chobani.

For the past three years, the yogurt maker has been in 11,500 square feet at 72 Spring Street, and will expand its square footage to 33,560 with the move to the sixth and seventh floors of the new building, the New York Post reported. It also has a storefront yogurt bar in the neighborhood at 150 Prince Street.

A Chobani representative said that the space occupied by Chobani’s corporate offices will remain the same, and that the expansion is due to consolidation of offices from other parts of the country as well as other side projects. One entire floor of its new space will be occupied by an “incubator” of start-up natural food companies that Chobani has taken under its wing but that do not share Chobani’s branding.

General Growth Properties’ Sandeep Mathrani picked up 200 Lafayette Street for $150 million in 2013 following a $30 million modernization by the previous owners, Jared Kushner and CIM Group.

GGP’s asking rent was $85 per square foot. The owner was represented by CBRE’s  Paul Amrich, Neil King and Patrice Meagher.

Chobani was represented by Christopher Owles and James Costello of Sinvin Real Estate. [NYP] — Tess Hofmann

Correction: A previous version of this story included the incorrect address of Chobani’s storefront yogurt bar. It is at 150 Prince Street.


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