Earlier this year, American Realty Capital acquired the 165,000-square-foot office building at 218 West 18th Street in Chelsea from the Atlas Capital Group and GreenOak Real Estate. Rather than appoint a new leasing agent at the building, new ownership retained the CBRE team led by Gregg Rothkin to lease up the vacant space in the building, which received a thorough renovation under previous ownership, including a new lobby and complete HVAC system.
Having inked deals for Red Bull, Yammer and SAE Institute at the space, the CBRE team now has two full-floors to market to potential tenants. The 13,504-square-foot sixth floor has been built out with the creative Midtown South tenant niche in mind and will offer a glimpse of what tenancy at 218 West 18th Street can look like.
“A prebuild in Midtown South is different than a prebuild in Midtown,” Mr. Rothkin told The Commercial Observer. “These are more creative tenants, and we responded to feedback we got and what we have seen from the build-out of other tenants.”
Last week, Mr. Rothkin discussed the build-out.