Sterling Bay is moving headquarters to a new location in Fulton Market, at one of its own under-construction properties.
The Lincoln Yards developer will relocate to the 555,000-square-foot building at 333 North Green Street after construction wraps up, according to Crain’s. Construction was supposed to be completed this year.
Sterling Bay helped ignite the development transformation of the Fulton Market District from a meatpacking hub to a top target for corporate offices with surging property values.
The 19-story building — known as Gr333n — is already 90 percent leased, with other future tenants including advertising agency WPP, co-working firm Convene and global accounting giant Ernst & Young — which now brands itself as EY — moving into almost 400,000 square feet.
In August, Sterling Bay sold its 290,000-square-foot headquarters on the western edge of Fulton Market at 1330 W. Fulton Street. The buyer was German real estate investment firm Commerz Real, which paid close to $168 million for the building that was completed in 2017, according to Crain’s.
Sterling Bay leases 35,000 square feet at that property, and is expected to take about the same at the new building. [Crain’s] — Brianna Kelly