Video streaming service inks 23K sf sublease in Midtown South

DramaFever heading to Cohen Brothers’ 3 Park Avenue

New York /
Aug.August 15, 2017 08:30 AM

Warner Bros. subsidiary DramaFever inked a 23,000-square-foot sublease with the email-technology firm Return Path at Cohn Brothers Realty’s 3 Park Avenue.

The video streaming service is taking the 30th-floor space in a three-year deal, the Commercial Observer reported. The asking rent was not clear.

Return Path had itself been subleasing the space from the employee-training software company Grovo, which announced last year it was heading to Two Trees Management’s 50 West 23rd Street. Return Path also leases the penthouse floor in the 41-story building.

DramaFever, best known for its streaming library of Korean television dramas, was recently headquartered at the Moinian Groups’ 72 Madison Avenue in NoMad. It wasn’t clear if the deal at the 41-story, 936,000-square-foot 3 Park Avenue was a location or an expansion.

Ira Rovitz and Todd Hershman at Newmark Knight Frank represented Return Path, and Jamie Dennison negotiated on behalf of DramaFever. [CO] – Rich Bockmann


Related Articles

arrow_forward_ios
Empire Asset Management CEO Jason Pizer and 360 Park Avenue South. (Getty, 360 Park Avenue South)
Midtown South owner offers big test for post-vaccine Manhattan
Midtown South owner offers big test for post-vaccine Manhattan
A Walgreens and Duane Reade location at 322 8th Ave (Google Maps)
Walgreens, Duane Reade to sublease 16 stores
Walgreens, Duane Reade to sublease 16 stores
MAC Cosmetics has made four of its closed New York City locations available to sublease. (Google Maps)
MAC wants to sublease 4 NYC stores
MAC wants to sublease 4 NYC stores
Under Armour CEO Patrik Frisk and the GM Building (Getty, Google Maps, Cushman & Wakefield)
Under Armour to sublease planned Fifth Avenue flagship
Under Armour to sublease planned Fifth Avenue flagship
(Getty, Photo Illustration by The Real Deal)
Retail had its reckoning. Will subleases flood the market?
Retail had its reckoning. Will subleases flood the market?
4 New York Plaza, JPMorgan CEO Jamie Dimon and 5 Manhattan West (Hines, Getty, Wikipedia Commons)
JPMorgan to sublet office space as it ponders work-from-home
JPMorgan to sublet office space as it ponders work-from-home
Yelp's 11 Madison and PWC's 300 Madison. (SL Green, Brookfield)
Yelp, PwC test options on Manhattan’s sublease market
Yelp, PwC test options on Manhattan’s sublease market
56 West 22nd Street and Michael Kasmierski (Credit: Google Maps)
Kaufman, AXA make $50M Midtown South buy
Kaufman, AXA make $50M Midtown South buy
arrow_forward_ios

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

Loading...