DraftKings, SeatGeek take total of 50K sf at 400 Lafayette

Alvin Flaster’s Noho office building is now fully occupied

New York /
Jun.June 25, 2015 05:40 PM

Investor Alvin Flaster signed a pair of tech tenants to more than 50,000 square feet of combined office space at 400 Lafayette Street, thus bringing the Noho property to full occupancy, The Real Deal has learned.

Online ticket-sales startup SeatGeek inked a seven-year lease for the entire fourth floor, about 27,000 square feet. Online fantasy sports platform DraftKings signed for five years on the fifth floor, which spans 23,500 square feet. DraftKings and SeatGeek are expected to move in by July and September, respectively, said ABS Partners Real Estate’ Jay Caseley, who represented the landlord in both deals along with Joseph LaRosa and Charles Conwell.

A Newmark Grubb Knight Frank team of Greg Wang, Joe Perlson and Eric Cagner represented DraftKings, while Office Lease Center’s Jack Petrie and Eva Shih represented SeatGeek.

Asking rent is in the high-$60s per square foot for both deals, Caseley said.

The Flaster family has owned and occupied the five-story, 93,000-square-foot building since 1979. Their textile business, Summers & Oppenheim, now occupies part of the ground floor.

The owner is in the process of adding an elevator and renovating the lobby. Other tenants include Sony’s Digital Audio Disc Corporation (DADC) division and Limited Design Studio.

SeatGeek is currently based at 235 Park Avenue South in Gramercy, while DraftKings is headquartered in Boston. Disney’s plans to invest $250 million in DraftKings were recently scrapped, Recode reported.


Related Articles

arrow_forward_ios
Crescent Real Estate chairman John Goff and Crescent Court (Crescent)
Here’s what tenants pay at the Crescent mixed-use tower in Dallas
Here’s what tenants pay at the Crescent mixed-use tower in Dallas
Chetrit Group principal Michael Chetrit and 850 Third Avenue (850thirdavenue)
CMBS loan for Chetrit’s 850 Third Avenue enters special servicing
CMBS loan for Chetrit’s 850 Third Avenue enters special servicing
525 Market Street, Amazon CEO Jeff Bezos, Sephora CEO Martin Brok and Wells Fargo CEO Charles W. Scharf. (Getty, Keating Architecture)
Here’s what tenants pay at 525 Market Street in San Fran
Here’s what tenants pay at 525 Market Street in San Fran
Hines chairman and CEO Jeff Hines with 609 Main in Houston, Texas (Hines)
Here’s what tenants are paying at Hines & CalPERS’ 609 Main
Here’s what tenants are paying at Hines & CalPERS’ 609 Main
SL Green CEO Marc Holliday (Getty, Sl Green)
SL Green shareholders cry foul on CEO bonus
SL Green shareholders cry foul on CEO bonus
Savitt Partners founder Bob Savitt and 530 7th Avenue. (Getty, 530 7th via Facebook)
Here’s what tenants are paying at Savitt Partners’ 530 Seventh Ave
Here’s what tenants are paying at Savitt Partners’ 530 Seventh Ave
Chief People Officer Carolyn Patterson (Getty, Yelp)
Yelp to experiment with return-to-work plans
Yelp to experiment with return-to-work plans
From left: Furnished Quarters' Steven (left) and Gary Brown with 315 West 33rd Street (left) and 158 West 27th Street (Furnished Quarters, CityRealty, CityFeet)
Landlords sue hospitality stalwart Furnished Quarters
Landlords sue hospitality stalwart Furnished Quarters
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...