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Venture capitalists lease 34,000 s/f in Soho

a16z, the venture capital firm based in San Francisco, has signed a 10-year lease for 33,560 s/f at 200 Lafayette Street.

The new office will serve as the firm’s New York headquarters as it builds out its $3.1 billion crypto fund. Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz (known as a16z) has $19.2 billion in assets under management across multiple funds.

The firm is increasing its footprint with a relocation from its current office at 11 Madison Avenue. The new office – previously occupied by JC Penney – will comprise the full 16,780 s/f third and fourth floors and include outdoor space). The full buildout of its new office is expected to be complete by the end of 2022.

Barbara Winter and Carlee Palmer from JLL represented landlord Swiss RE in the lease. Current Real Estate Advisors co-founders Adam Henick and Brandon Charnas represented a16z.

200 Lafayette is a seven-story building originally constructed in 1893. The property’s office space on floors 3-7 is owned by Swiss RE while the retail condos on the ground and second level are owned by Brookfield Properties. Chobani occupies the top three floors of 200 Lafayette.

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