Bustle inks deal for 34K sf at 315 PAS

The new office is double the size of its Chelsea digs

<em>315 Park Avenue South (credit: L&amp;L Holdings) (inset: Bryan Goldberg)</em>
315 Park Avenue South (credit: L&L Holdings) (inset: Bryan Goldberg)

Bustle is trading its current digs for twice as much space in Midtown South.

The online women’s magazine inked a lease for 34,100 square feet of office space at Columbia Property Trust’s [TRDataCustom] 315 Park Avenue South, Crain’s reported. Bustle plans to take two of the nine floors — the 11th and 12th floors — that Credit Suisse is vacating when its lease expires in April 2017. Bustle would vacate its space at 158 West 27th Street.

The 20-story building, which Columbia bought in 2015 for roughly $350 million, recently embarked on a $4 million renovation of the property. Asking rents at the building range from the high-$80s to the $90s per square foot.

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The details of Bustle’s deal were not immediately available. Transwestern’s Rory Murphy, Jonathan Tootell and Lindsay Ornstein represented Bustle. Andrew Wiener, David Berkey and David Young of L&L Holding Company represented Columbia.

Equinox recently signed a 20-year lease for 44,000 square feet at the building. [Crain’s]Kathryn Brenzel

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Package titleDateTransactionsPrice
NYC Office LeasesJan 1st 2011 to Nov 1st 20164,000$500
NYC Office LeasesJan 1st 2004 to Dec 31st 20106,000$500