The Real Deal New York

Alibaba now has more than 30K sf at 860 Washington

The e-commerce giant will be the boutique building's biggest tenant
December 27, 2016 04:19PM

From left: 860 Washington Street and Jack Ma

Alibaba, a $200 billion company known as China’s Amazon, is taking more than 30,000 square feet at a boutique office building in the Meatpacking District.

The expansion makes Alibaba the largest tenant at 860 Washington Street, a 10-story, 114,000-square-foot building owned by the Romanoff Equities and Property Group Partners, Crain’s reported. The e-commerce giant decided to lease the seventh, eighth and ninth floors — after only committing to the seventh floor earlier this year. Alibaba’s founder, Jack Ma, is also expected to have an office in the company’s new space. Asking rents in the building run as high as $160 per square foot, though the terms of Alibaba’s lease were not immediately available.

In September, Tesla agreed to take roughly 7,800 square feet of the building’s ground floor, where the car company plans to open a showroom and service center. Most of the building is leased up, except a small portion of the ground floor and the 9,000-square-foot second floor. [Crain’s]Kathryn Brenzel