Capital One signs 16-year lease, expands to 124K sf at Flatiron location

Bank already occupies 72K sf at 11 West 19th Street

TRD New York /
May.May 24, 2017 09:30 AM

Capital One is expanding at Thomas Block’s 11 West 19th Street. The bank signed a 16-year lease for 52,000 square feet, bringing its total footprint in the building to 124,000 square feet.

Capital One already occupies 72,000 square foot in the Flatiron District building under a sublease from advertising firm Publicis Groupe, as The Real Deal previously reported.

Tory Burch occupies the remaining office floors in the building. A 19,000-square-foot Pottery Barn is set to open in the ground floor.

Cushman & Wakefield represented Capital One, while Savitt Partners represented the owners, the New York Post reported.

Capital One is an active lender in New York’s commercial real estate market. Last year the bank sued Taxi King Gene Freidman over $8.4 million in defaulted medallion loans. [NYP]Konrad Putzier

(To view more office leasing transactions brokered by Savitt Partners, click here)

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

These were NYC’s top office leases in August

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now