Rockrose signs 41K sf in leases at 300 PAS

Lieberman Research, Creative Circle filling void on floors below FanDuel HQ

New York /
Jun.June 20, 2017 03:00 PM

Rockrose Development TRData LogoTINY signed a trio of leases totaling roughly 41,000 square feet at 300 Park Avenue South in recent months, the firm said.

The developer sought to fill the vacant space on the floors below the penthouse triplex occupied by FanDuel, the billion-dollar fantasy sports startup that has a pending merger with rival DraftKings.

Texas-based marketing research consultancy Lieberman Research Worldwide and staffing agency Creative Circle signed full-floor leases at the ninth and seventh floors in the past month, respectively. Publicly traded software firm Bazaarvoice signed for the 11th floor in February. The floor plates at the 14-story, 170,000-square-foot office building are each about 13,700 square feet. Asking rents average in the mid-to-high $70s per square foot.

The new tenants are replacing public-relations firm M. Booth, marketing analytics company Hitwise and advertising agency Leo Burnett Company. The eighth floor, one of two floors that were occupied by Leo Burnett, is the building’s only unclaimed floor.

A Cushman & Wakefield team led by Josh Kuriloff and Andrew Braver and Rockrose’s Rob Fink represented the landlord in the deals.

Savills Studley’s Greg Taubin represented Lieberman, Cushman’s Andrew Ross represented Creative Circle, and CBRE’s Sacha Zarba, Jared Isaacson and Alice Fair represented Bazaarvoice.

Shortly after FanDuel signed a lease at the building in 2015, its fate was unclear amid a crackdown from regulators on fantasy sports. Sources said FanDuel’s lease remains intact, though the Federal Trade Commission plans to sue to block the FanDuel-DraftKings merger.

(To view more of Rockrose Development’s office leasing transactions, click here)


Related Articles

arrow_forward_ios
Slate founding partners Blair Welch and Brady Welch (Slate, iStock)
RE-focused investment firm Slate raises $600M for private-credit fund
RE-focused investment firm Slate raises $600M for private-credit fund
Scott Rechler, CEO of RXR Realty and The Real Deal's Amir Korangy
Coffee Talk: Scott Rechler on beating the pandemic
Coffee Talk: Scott Rechler on beating the pandemic
L&L Holding’s David Levinson and Columbia Property Trust's Nelson Mills with a rendering of 261 11th Avenue (L&L, Columbia Property Trust, Terminal Warehouse)
L&L, Columbia Property Trust land $1.3B loan for Chelsea office project
L&L, Columbia Property Trust land $1.3B loan for Chelsea office project
Pandemic lockdowns for all three cities started in the last full week of March 2020, but office use had already plunged the week before as companies proactively sent workers home (iStock)
Manhattan lags Chicago, LA in returning to the office
Manhattan lags Chicago, LA in returning to the office
Pandemic could cut assessed property values by 10%
Pandemic could cut assessed property values by 10%
Pandemic could cut assessed property values by 10%
Lexington Hotel at 511 Lexington Avenue (Google Maps)
NYC hotels getting busier, but still struggling
NYC hotels getting busier, but still struggling
Illustration of Sam Zell of Equity Commonwealth (right) and Barry Sternlicht of Starwood (Illustration by Kevin Rebong for The Real Deal)
Monmouth Real Estate: We’ll sell to Zell, not Sternlicht
Monmouth Real Estate: We’ll sell to Zell, not Sternlicht
Instacart CEO Apoorva Mehta (Getty)
Instacart to build fulfillment centers near supermarkets
Instacart to build fulfillment centers near supermarkets
arrow_forward_ios

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

Loading...