Razor Delivery Startup Harry’s Expands at One Hudson Square
The e-retailer, which sells men’s shaving and personal care products, inked a 26,876-square-foot expansion lease on the eighth floor of Trinity Real Estate’s 75 Varick Street, also known as One Hudson Square. The deal comes after it relocated its offices to 60,000 square feet on the ninth floor of the building in the summer of 2017. That lease was for 10 years, but the terms of the expansion lease and asking rents were not disclosed. The Empire State Development Corporation awarded the trendy razor maker $1.4 million in tax credits through the Excelsior Jobs Program in 2017. In return, the firm was supposed to create 188 jobs in New York City over the following five years.
The six-year-old startup employs “more than 600 engineers, designers, craftsmen and chemists,” according to its website, and manufactures its products in Eisfield, Germany. It raised $112 million in venture capital financing last year and used the cash to launch a new ladies’ shaving brand, Flamingo, last fall. It also began selling its products in 2,200 Wal-Mart stores last year, after sealing an agreement with Target in 2016. Harry’s didn’t immediately return an emailed request for comment.
CBRE’s Frederick Fackelmayer, Adele Huang, Christopher Mansfield and Sacha Zarba represented Harry’s in the deal and didn’t immediately return a request for comment via their spokeswoman. Trinity Real Estate was represented by Kyle Ciminelli, David Falk, Jonathan Franzel, Peter Shimkin and Brittany Silver of Newmark (NMRK) Knight Frank, who also did not immediately return requests for comment.