After sharing space with Publicis, Kaleidoscope live events and media production company has moved out of their Midtown digs.
Kaleidoscope signed a 10-year lease for 6,000 square feet at Zar Property NY’s 64-68 Wooster Street in Soho, the tenant’s broker told Commercial Observer. Two weeks after signing a deal for the entire sixth floor with an asking rent of $79 per square foot, the company moved in. That was a month and a half ago.
Kaleidoscope, which has an office in San Francisco, relocated from 4,000 square feet at 245 West 55th Street between Broadway and Eighth Avenue because “they needed more space and are being kicked out of their current space because Publicis wanted to take it back,” said Waite Buckley of Vicus Partners, who negotiated the deal for the tenant along with colleague Jennifer Scolnick.
Zar Property NY’s David Zar “painted the space” and the tenant moved in, Mr. Buckley said.
Mr. Zar, who negotiated the transaction on behalf of his company, wasn’t reachable for comment.
Zar Property NY acquired the eight-story, 49,000-square-foot building in December 2008 for $12.7 million.
The building is home to Glasgow Caledonian University, one of the largest universities in Scotland, which opened its first New York City campus nearly two years ago, as CO previously reported. Other tenants there include the photographer Steven Meisel and fashion designer Zaldy.