Real Estate Weekly
Image default
Deals & Dealmakers

Columbia Property Trust Secures Lease with Lightspeed Venture Partners at 799 Broadway

Columbia Property Trust announced today that it has finalized a 9,300-square-foot lease with Lightspeed Venture Partners at 799 Broadway, its newly completed 12-story office building located at the convergence of Manhattan’s iconic Greenwich Village and Union Square neighborhoods.

Lightspeed is a multi-stage venture capital firm with $18B under management focused on accelerating disruptive innovations in the enterprise, consumer, fintech, and health sectors. Over the past two decades, the firm has backed hundreds of early and growth-stage entrepreneurs and helped build more than 500 companies globally.

Columbia has now leased 85 percent of 799 Broadway’s office space to five separate, prominent firms in the investment and technology sectors. Other tenants include investment management firms Wellington Management and Bain Capital Ventures, as well as national mortgage lending and servicing organization Rithm Capital (formerly New Residential Investment Corporation).

“We are pleased to welcome Lightspeed to 799 Broadway,” said Dave Cheikin, Executive Vice President – East Coast for Columbia. “799 Broadway, with its state-of-the-art design, health and wellness features, high-end amenities and unbeatable location, has quickly established itself as a leading destination for the world’s tech-forward finance and investment firms.”

Designed by Perkins + Will, 799 Broadway sets the standard for sustainable ground-up construction by emphasizing occupant health and wellness. The 182,000 square-foot, LEED Gold-certified building features efficient mechanical systems, touchless access, and the highest standards of indoor air quality. The building has been designed to meet the rigorous criteria of the highly respected WELL Building certification program and was also awarded a coveted Fitwel® 2-Star Rating.

Columbia’s only remaining availabilities at 799 Broadway are a 22,400-square-foot full-floor space and 8,700 square feet of ground floor space on the corner of 11th and Broadway.

Columbia was represented in the transaction by Mitchell Konsker, Benjamin Bass, and Sam Seiler of JLL, while Lightspeed was represented by Steven Rotter, Brett Harvey, Hugh Scott, and Derek Johnson of JLL.

To learn about the final opportunities available at 799 Broadway, please visit 799broadwaynyc.com.

Related posts

CBRE Arranges $113 Million Sale of 260-Unit Windsor at The Gramercy

REW

National Real Estate Advisors, Cathexis and The HYM Investment Group Secure $150M Construction Loan for Suffolk Downs Redevelopment

REW

Lingua Franca Signs 3,437-SF Lease at 307 West 36th Street

REW