S’well deal: Bottle maker inks 25K sublease at Flatiron building

Company is leasing office space on West 23rd Street from AppNexus

TRD New York /
Mar.March 27, 2017 02:00 PM

All’s well that ends S’well. The maker of reusable drinking bottles signed a two-year sublease for 25,000 square feet of space at a West 23rd Street office building.

AppNexus is the sublessor at 28-40 West 23rd Street, the Wall Street Journal reported. S’well’s original headquarters at 50 West 17th Street were a quarter of the size, but the growing company ran out of space there and had been forced to put sales staff in a separate office. The staff numbers at the company doubled in the past year.

Asking rents are in the $60s and $70s per square foot at the building.

In 2013, AppNexus signed a 10-year lease for 220,000 square feet at the building, which is owned by the Cohen, Roos and Carmel families.

Last year, Blue Apron inked a deal to take the full fifth floor from the advertising technology firm on a short term basis. In 2015, Estee Lauder expanded to 166,000 square feet at the building. [WSJ]Miriam Hall


Related Articles

arrow_forward_ios
From left: Brandon Shorenstein of Shorenstein Realty, Steven Roth of Vornado, John Westerfield of Mitsui Fudosan America, and Stephen Ross of Related (Getty, iStock)

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement
Mayor Bill de Blasio and Gov. Andrew Cuomo (Getty, Paul Dilakian)

Despite looting, NYC reopening on track: Cuomo

Despite looting, NYC reopening on track: Cuomo
From left: 151 West 42nd Street, 655 Third Avenue and 1221 6th Avenue (Google Maps, Durst Organization)

TRD Insights: Manhattan office leasing inches up

TRD Insights: Manhattan office leasing inches up
(Photos by Sylvia Varnham O'Regan, Getty)

After looting, BIDs reverse guidance on boarding up stores

After looting, BIDs reverse guidance on boarding up stores
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
arrow_forward_ios

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

Loading...