Fanatics Expands in West Village by More Than 100K SF

Global sports platform Fanatics is cheering on the Manhattan office market with another deal, doubling its footprint at one West Village property.

Michael Rubin’s merchandise and betting company is expanding its presence at 95 Morton Street by approximately 105,000 square feet on a lease that will begin near the end of 2027 and run through 2038, the Commercial Observer reported. That’s on top of 105,000 square feet the company already occupied when it moved into the eight-story building in 2022.

Once the lease begins, Fanatics will be leasing the entirety of the Meadow Partners property, where previous tenants have included digital payment providers PayPal and Venmo, design agency VSA Partners and Integral Ad Science.

The asking rent for the lease was not disclosed. The average asking rent last month for Lower Manhattan office space was $58.85 per square foot, according to CBRE.

CBRE’s Paul Amrich and Neil King represented Meadow, while Newmark’s Steven Rotter and Rishi Majmundar represented Fanatics.

Last year, Rubin’s company signed a lease for 54,000 square feet at 345 Hudson Street in the Hudson Square neighborhood, a property owned by a joint venture of Hines, Trinity Church Wall Street and Norges Bank Investment Management.

Fanatics also has offices in San Mateo, Tampa, the United Kingdom, India and Japan.

Meadow acquired 95 Morton Street from Aby Rosen’s RFR Holding in June 2022 for $288 million, utilizing a $155 million loan from Deutsche Pfandbriefbank. RFR had bought the building in 2017 — the same year it was renovated — from Brickman Associates for $206 million; the alternate address is 617 Washington Street.

Manhattan’s office leasing activity totaled nearly 3.7 million square feet in January, according to Colliers, marking a seasonal slowdown with a nearly 30 percent dip from December but a slight year-over-year increase.

— Holden Walter-Warner