Leases  ·  Office

Uber Cruising Into Bigger Digs at the Terminal Stores Building


Uber, which signed a 52,350-square-foot lease at the Terminal Stores building in 2014, has added nearly 12,000 square feet to its digs, Commercial Observer has learned.

The company, which has a mobile app which connects riders with drivers, has tacked on 11,990 square feet at 636-638 West 28th Street between 11th and 12th Avenues, giving the company 64,340 square feet on the third floor, a source with knowledge of the deal said. The lease is for 10 years and eight months, and Uber re-upped its 52,350 square feet for the same time frame.

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The lease amendment was signed last week, and Uber took occupancy of the additional space immediately. The asking rent in the deal was $50 per square foot, the source said.

Other tenants in the 1.2-million-square-foot revitalized West Chelsea warehouse complex include beauty company L’Oréal USA and Flextronics International USA, a contract design and manufacturing firm.

JLL’s Alexander Chudnoff and Dan Turkewitz represented the tenant in the deal. The landlord, Waterfront New York Realty, was represented in-house by Christopher Flagg and Peter Pachios. JLL’s spokesman didn’t immediately respond with a comment from the brokers and the landlord’s representatives didn’t either.