MAC inks lease at Stellar’s One Soho Square

The Estée Lauder Companies subsidiary took 86,000 sf

New York /
Apr.April 04, 2017 09:00 AM

MAC Cosmetics has signed a lease for 86,000 square feet of office space at Stellar Management’s One Soho Square.

The company, a subsidiary of the Estée Lauder Companies, will move to the 10th floor and the all-glass penthouses on the 11th through 13th floors at 233 Spring Street, the New York Post reported. The Real Deal first reported in October that MAC was in late-stage negotiations with Stellar for the space.

The asking rent for the offices was $125 per square foot. A CBRE team led by Steve Siegel, Greg Tosko, Lewis Miller and Sacha Zarba represented MAC in the deal. Stellar was represented by Brian Waterman, David Malawer, Andrew Peretz and Brent Ozarowski of Newmark Grubb Knight Frank.

The Larry Gluck-led Stellar purchased two loft buildings at 233 Spring and 161 Avenue of the Americas — now respectively known as One Soho Square West and East — for $200 million in 2012. Late last year, Stellar bought out former partner the Rockpoint Group in a deal that valued the property at $650 million. [NYP] Kathryn Brenzel 


Related Articles

arrow_forward_ios
Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)
How a small stretch of land on the Far West Side became an Opportunity Zone
How a small stretch of land on the Far West Side became an Opportunity Zone
The comedy club argues that if SNL can operate, then they should be allowed to operate too. (Getty)
Manhattan comedy club sues Cuomo over pandemic closures
Manhattan comedy club sues Cuomo over pandemic closures
(iStock)
These were Manhattan’s best office submarkets in Q4
These were Manhattan’s best office submarkets in Q4
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Order up: Real estate investors line up to buy drive-throughs
Order up: Real estate investors line up to buy drive-throughs
Mayor Bill de Blasio (Getty, iStock)
NYC to revive $17B in public construction projects
NYC to revive $17B in public construction projects
Houston House at 298 East 2nd Street and Matt Lee (Houston House, LinkedIn)
Developer Matt Lee to auction off East Village condo
Developer Matt Lee to auction off East Village condo
(Getty)
Hotel stocks went bonkers in February
Hotel stocks went bonkers in February
Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal)
Construction spending hits new record in January
Construction spending hits new record in January
arrow_forward_ios

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

Loading...