Office Provider Breather Branches Out in Midtown, Soho, Financial District
By Rebecca Baird-Remba July 3, 2017 2:00 pm
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On-demand workspace provider Breather has leased space at three new locations in Midtown and Lower Manhattan, Commercial Observer has learned.
The largest of the three deals was inked at 1450 Broadway, Zar Group’s 42-story office tower between West 40th and West 41st Streets near Bryant Park. Breather signed on for 3,094 square feet on the sixth floor for five years, according to Breather. The asking rent was $58 a square foot.
Breather was represented by Maggie Burns and Hank Jonap in-house and by CBRE (CBRE)’s Ramsey Feher. A JLL (JLL) team of Mitchell Konsker, Barbara Winter, Bejamin Bass and Kip Orban, along with Zar Group’s Noah Kaufman, represented the landlord. Spokespeople for JLL and CBRE did not immediately return requests for comment.
In the second transaction, the fast-growing company leased 2,979 square feet on the second floor of Thor Equities’ 494 Broadway between Broome and Spring Streets in Soho. It signed a five-year lease with an asking rent of $59 a square foot.
Burns, Jonap and Feher once again repped Breather, and Thor’s Adam Rappaport and Anthony Cugini, two leasing brokers who have since departed the commercial real estate company, handled the transaction for the landlord in-house. Avison Young now oversees all of Thor’s commercial leasing, CO reported earlier this month.
And with the third deal, Breather is expanding its limited presence in the Financial District. The workspace company signed a five-year lease for 2,145 square feet on the ninth and 23rd floors of Rudin Management’s 55 Broad Street between Beaver Street and Exchange Place. The asking rent was $50 a square foot.
The same team represented Breather, and Kevin Daly repped Rudin in-house.
“We’re happy that they’re coming to our building,” Daily said. “It’s part of the new economy. And it’ll provide an amenity to our own tenants.”
The Bryant Park and Soho locations will open in August, and the Broad Street outpost will open in October.
Breather is expanding quickly. Last month, it signed deals in Meatpacking District and Midtown East, as CO reported at the time.
