An office management company has signed a 10-year lease for new digs at Stellar Management and Rockpoint Group’s One Soho Square, Commercial Observer has learned.
Managed by Q, which handles cleaning, maintenance and inventory, inked a 26,022-square-foot lease at the 768,000-square-foot conjoined buildings on the border of Soho and Hudson Square, according to a press release from the landlord. A spokeswoman for the Stellar Management declined to provide the asking rent in the deal.
Stellar and Rockpoint have redeveloped two buildings, 161 Avenue of the Americas between Spring and Vandam Streets and 233 Spring Street between Avenue of the Americas and Varick, with a shared glass core.
Managed by Q has already moved into its space at the 15-story 161 Avenue of the Americas, also known as One Soho Square East, according to the release. The deal closed last month, the spokeswoman for the landlord said.
“Our ability to provide modern infrastructure and the highest efficiency, while maintaining the historic charm of these two Soho loft-style buildings, makes this a truly special development and the perfect option for an innovative company like Managed by Q,” Ryan Jackson of Stellar Management said in prepared remarks.
Brian Waterman, Andrew Peretz, David Malawer, Brent Ozarowski and Courtney Adham of Newmark Grubb Knight Frank represented the landlord, while Ben Fastenberg and Ross Zimbalist of CBRE represented the tenant. Brokers on either side were not immediately available for comment via spokeswomen.
Other office tenants of One Soho Square include cosmetics company Aveda, eyewear manufacturer Warby Parker and publisher National Geographic.