Puck Media Leases Greenwich St Office as Eis Sells East Village Portfolio

Digital media firm Puck leases 10,108 sq ft of office space at 107 Greenwich St in Manhattan's Financial District. Real estate investor Leonard Eis sells an 8-building mixed-use portfolio in the East Village for $38 million.

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Puck Media Leases Greenwich St Office as Eis Sells East Village Portfolio

Puck Media Leases Greenwich St Office as Eis Sells East Village Portfolio

Digital media firm Puck has leased 10,108 square feet of office space at 107 Greenwich St in Manhattan's Financial District. The fast-growing company will occupy the entire 23rd floor of the 26-story building under a long-term lease, with an asking rent of $79 per square foot.

Why this matters: This deal highlights the ongoing demand for high-quality office space in Manhattan, particularly in the Financial District, which is a hub for businesses in the finance and technology sectors. The transaction also underscores the importance of amenities and location in attracting top talent and driving business growth.

The boutique office property at 107 Greenwich St is part of a new development at 76 Trinity Place, owned and operated by Trinity Church Wall Street. Completed in 2022, the building features 130,000 square feet of office space and an 18th-floor amenity center with dining options, conference rooms, break-out areas, a fitness center, and a spacious outdoor terrace.

Puck's lease continues the recent leasing momentum at 107 Greenwich St, which boasts a diverse tenant roster including fintech firms Revolut and Lendbuzz, as well as engineering, insurance, and technology companies. JLL's agency team, led by Executive Managing Director John Wheeler, Managing Director Andrew Coe, and Associate Margaux Kelleher, handles leasing for the property on behalf of Trinity Church Wall Street.

Commenting on the transaction, Andrew Coe stated,"The arrival of a leading media company further bolsters the diverse mix of office tenants now calling 107 Greenwich St. home. "Eric Siegel, representing Puck, added,"After exploring various neighborhoods and office styles, Puck ultimately chose 107 Greenwich for its Class A status, expansive amenity center, abundant natural light and views, and prime FiDi location."

In a separate deal, real estate investor Leonard Eis has sold an 8-building mixed-use portfolio in the East Village for $38 million. The properties were acquired by multiple buyers, though specific details about the buildings and purchasers were not disclosed.

The two transactions highlight the continued strength and diversity of Manhattan's commercial real estate market. While Puck's lease demonstrates the appeal of modern, amenity-rich office spaces for growing media and technology firms, the East Village portfolio sale points to ongoing investor interest in the neighborhood's mixed-use assets.