Silverstein leashes Bark for 52K sf at 120 Broadway

Pet supply subscription company leasing Equitable Building’s 12th floor

New York /
Nov.November 19, 2021 10:30 AM
Silverstein leashes BarkBox for 52K sf at 120 Broadway

120 Broadway in NYC and Bark CEO Manish Joneja (Google Maps, LinkedIn)

Silverstein Properties is barking up the right tree with its latest office lease at 120 Broadway, otherwise known as the Equitable Building.

Pet supply subscription company Bark is taking 52,000 square feet at the Financial District building, the Commercial Observer reported. The company will occupy the entire 12th floor.

Bark will relocate from its digs at 221 Canal Street by next fall, according to the outlet. The company signed a 15-year lease for its space at 120 Broadway, though asking rents for the space were not revealed.

According to the Observer, Silverstein laid down $52 million in 2019 in an effort to restore the building to its original condition. In addition to its office space, Bark employees will also have access to a 20,000-square-foot rooftop space.

Joseph Artusa and Camille McGratty helped broker the deal on behalf of Silverstein. Greg Taubin of Savills brokered the deal on behalf of BarkBox.

Bark’s fellow tenants at 120 Broadway include engineering firm Thornton Tomasetti, which signed a 15-year lease for 102,000 square feet towards the beginning of 2020. At the time, asking rents in the building ranged from $62 to $74 per square foot.

It has been a big week for office leasing in Silverstein buildings. Crain’s reported on Nov. 18 that mattress retailer Casper Sleep signed advertiser marketplace Index Exchange to a sublease at 3 World Trade Center for 43,000 square feet. That lease is scheduled to run through December 2034.

Manhattan’s office market is still soaring following its biggest month since the pandemic began. Tenants signed leases for 2.7 million square feet of office space in October, up 10.8 percent from September. Average asking rents climbed 1.3 percent from September to $73.66 per square foot.

[CO] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    645 Madison Avenue (Google Maps)
    645 Madison ground lease trades to Titan Golden for $27M
    645 Madison ground lease trades to Titan Golden for $27M
    Blackstone's Stephen Schwarzman (Getty)
    Blackstone buys logistics portfolio for $2.8B
    Blackstone buys logistics portfolio for $2.8B
    Virtual real estate speculators notch another record deal
    Virtual real estate speculators notch another record deal
    Virtual real estate speculators notch another record deal
     Jeff Sutton of Wharton Properties, 25 West 34th Street in NYC (Google Maps)
    Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
    Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
    City law protecting commercial tenants upheld on appeal
    City law protecting commercial tenants upheld on appeal
    City law protecting commercial tenants upheld on appeal
    Last-mile facilities dominating industrial real estate
    Last-mile facilities dominating industrial real estate
    Last-mile facilities dominating industrial real estate
    Newest unicorn is property-services startup Lessen
    Newest unicorn is property-services startup Lessen
    Newest unicorn is property-services startup Lessen
    277 Fifth Avenue and Shokai Group's Shawn Xianyang Zhang (277 Fifth Avenue/Rafael Viñoly, Shokai Group)
    Shokai Group picks up unsold NoMad condos for $81M
    Shokai Group picks up unsold NoMad condos for $81M
    arrow_forward_ios

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

    Loading...