Venture Capitalist Elephant Takes 7K SF in Meatpacking District – Business Watcher
The venture capital company the elephant hung approximately 6,750 square feet from 2 Ninth Avenue, according to a source close to the case.
The deal, reached in fall 2021, places the company on the sixth floor of the building, according to the source. The rent requested was $ 98 in the 10-year lease.
The building, at the corner of Ninth Avenue and Little West 12th Street, turns into a small zoo for venture capitalists. Los Angeles-based real estate and technology investor Fifth Wall Ventures signed an agreement for the the whole fourth floor the building as part of an agreement reached in December 2021, Commercial Observer reported.
Sometimes known as 1 Little West 12th Street, the property also houses Lucid engines, who hung his space Last year at the same time he nailed a location in Miami, and once housed the French restaurant Bagatelle, known for its strong flows of champagne early in the morning.
JLL‘s Brett Harvey represented the owner’s partnership, Capital dawn and William Gottlieb Real Estate, in the Elephant case. Savills‘ Mike Mathias handled the transaction for the venture capital firm. Harvey and Mathias did not immediately respond to requests for comment.
You can reach Celia Young at [email protected].