S’well deal: Bottle maker inks 25K sublease at Flatiron building

Company is leasing office space on West 23rd Street from AppNexus

All’s well that ends S’well. The maker of reusable drinking bottles signed a two-year sublease for 25,000 square feet of space at a West 23rd Street office building.

AppNexus is the sublessor at 28-40 West 23rd Street, the Wall Street Journal reported. S’well’s original headquarters at 50 West 17th Street were a quarter of the size, but the growing company ran out of space there and had been forced to put sales staff in a separate office. The staff numbers at the company doubled in the past year.

Asking rents are in the $60s and $70s per square foot at the building.

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In 2013, AppNexus signed a 10-year lease for 220,000 square feet at the building, which is owned by the Cohen, Roos and Carmel families.

Last year, Blue Apron inked a deal to take the full fifth floor from the advertising technology firm on a short term basis. In 2015, Estee Lauder expanded to 166,000 square feet at the building. [WSJ]Miriam Hall

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S’well deal: Bottle maker inks 25K sublease at Flatiron building

Company is leasing office space on West 23rd Street from AppNexus

All’s well that ends S’well. The maker of reusable drinking bottles signed a two-year sublease for 25,000 square feet of space at a West 23rd Street office building.

AppNexus is the sublessor at 28-40 West 23rd Street, the Wall Street Journal reported. S’well’s original headquarters at 50 West 17th Street were a quarter of the size, but the growing company ran out of space there and had been forced to put sales staff in a separate office. The staff numbers at the company doubled in the past year.

Asking rents are in the $60s and $70s per square foot at the building.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

In 2013, AppNexus signed a 10-year lease for 220,000 square feet at the building, which is owned by the Cohen, Roos and Carmel families.

Last year, Blue Apron inked a deal to take the full fifth floor from the advertising technology firm on a short term basis. In 2015, Estee Lauder expanded to 166,000 square feet at the building. [WSJ]Miriam Hall

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