The farmer’s dog has a new place to curl up – only this kennel is supplied with a view of Soho.
The Fresh Pet Food Company signed a five -year lease for 58,000 square foot on 568 Broadway, more than tripled his footprint, the commercial observer reported. The brand takes the entire 10th and 11th floor of the 12-storey Prince building, owned by a joint venture between Aurora Capital Associates, A&H Acquisitions and Allied partners.
Asking rent was $ 120 per square foot, according to the sources of the outlet. Other spaces in the building command assignment from $ 86 to $ 108 per foot.
De Boer’s dog will move from 214 Sullivan Street, where he sult 19,000 square feet from 2019.
Founded in 2015 by Jonathan Regev and Brett Podolsky, the company has grown into a $ 1.2 billion company with 500 employees and offices in Nashville and Boca Raton, alongside Manhattan. With its subscription model, customers can personalize fresh, softly cooked meals for their pets, which fades the line between chunks and kitchen.
The current real estate advisers’ Adam Henick and Oded Nachmani represented the tenant. Brett Harvey of Newmark represented the owners.
568 Broadway is one of the largest office properties in Soho, with 380,000 square feet. Retailers in the building include Gu, Hugo Boss and Ferrari, while office tenants include Zocdoc and Milk Makeup; Two years ago, group nine left 95,000 square foot after he had been taken over by Vox.
Ownership has since been urged to refill the building and launch a renovation of $ 50 million with new lobbies, improved lifts and a roof terrace. The work follows a restructuring of February of the $ 200 million mortgage of the building, which was in default months after the loan was in default when the ownership had not repaid the debt on the term of the due date, according to Fitch Ratings.
Last month, tenants signed deals for 3 million square feet, an increase of almost 11 percent compared to June, according to Colliers.
– Holden Walter-Warner
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