Capital One signs 16-year lease, expands to 124K sf at Flatiron location

Bank already occupies 72K sf at 11 West 19th Street

Capital One is expanding at Thomas Block’s 11 West 19th Street. The bank signed a 16-year lease for 52,000 square feet, bringing its total footprint in the building to 124,000 square feet.

Capital One already occupies 72,000 square foot in the Flatiron District building under a sublease from advertising firm Publicis Groupe, as The Real Deal previously reported.

Tory Burch occupies the remaining office floors in the building. A 19,000-square-foot Pottery Barn is set to open in the ground floor.

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Cushman & Wakefield represented Capital One, while Savitt Partners represented the owners, the New York Post reported.

Capital One is an active lender in New York’s commercial real estate market. Last year the bank sued Taxi King Gene Freidman over $8.4 million in defaulted medallion loans. [NYP]Konrad Putzier

(To view more office leasing transactions brokered by Savitt Partners, click here)