MAC inks lease at Stellar’s One Soho Square

The Estée Lauder Companies subsidiary took 86,000 sf

Apr.April 04, 2017 09:00 AM

Larry Gluck and rendering of One Soho Square

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

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

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Cadre founder Ryan Williams and Allen Smith

Cadre brings on former Four Seasons CEO as president

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

250th Issue

The Real Deal celebrates 250 issues

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline