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First tenant signs at newly redeveloped 60 Charlton Street in Hudson Square

The newly-developed 60 Charlton Street boutique property in Hudson Square has secured its first tenant in a deal that sends a clear signal of the desirability of the premier property and employers’ confidence in the role of the office in a post-COVID world.

 Picus Capital, an international early-stage tech investor, has signed a ten-year lease for the 6,520 square foot penthouse at 60 Charlton, a jewel-box, 12-story property that just completed a redevelopment and expansion. AEW Capital Management owns the building in a joint venture with APF Properties and Drake Street Partners.

Picus Capital will relocate its New York City office to the spectacular 12th floor space that features floor-to-ceiling glass, ceiling heights of over 15 feet, and a private terrace.

 “We are delighted to welcome our first tenant to 60 Charlton, a property that was transformed to meet the needs of forward-thinking companies like Picus Capital who are looking to grow in the heart of one of the city’s most dynamic neighborhoods,” said Adam Schwank, a Director at AEW Capital Management.

 Located on the southwest corner of Charlton and Varick Streets, 60 Charlton is a 98,400 square foot, Class A boutique office building situated between Disney’s 1.2 million square foot office campus currently under construction at 137 Varick Street and Google’s new 1.3 million square foot headquarters at St. John’s Terminal.

 The multi-million-dollar redevelopment restored the original architectural details, rehabilitated the building with modern mechanical infrastructure and, with the six newly constructed stories, created a 12-story brick and glass curtainwall, steel and concrete-framed building with floorplates ranging from 9,000 – 6,500 square feet. The property is LEED Gold certified.

 Tenant amenities include a boutique-hotel style lobby with a fireplace and seating area, a bike room and shower area, and an outdoor roof deck with kitchen service area. Additionally, ownership just completed two full-floor prebuilds, helping tenants in today’s market focused on flexible move-in ready space that can be operational right away.

JLL’s Mitchell L. Konsker, Benjamin Bass, Kristen Morgan, Carlee Palmer and Harrison Potter represented the landlords in the lease with Picus Capital. Richard Bernstein and Troy Elias of Cushman & Wakefield represented the tenant.

“As return-to-work momentum grows, 60 Charlton will appeal to tenants seeking a premier location and market-leading amenities that provide a critical advantage in today’s race for talent,” said Konsker. “With its proximity to transportation and residential neighborhoods including Greenwich Village, SoHo and Tribeca, we anticipate continued interest from progressive tenants eager to establish their presence.”

“Picus Capital is excited to establish a premier New York City office space that provides our employees with a superior environment that inspires creativity and collaboration,” said Julian Roeoes of Picus Capital. “The opening of our local office underscores our strong commitment to the region, and will create a thrilling hub for entrepreneurs and investors alike.”

Situated at the nexus of SoHo, TriBeCa and the West Village, 60 Charlton is a short walk from three different subway lines, the PATH train to New Jersey, 10 minutes from Penn Station and 19 minutes from Grand Central Terminal.

Prominent signage opportunities and potential ground floor/private entrance space is available for a larger user.

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