Visual Effects Company Leaves Soho For Financial District

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Visual effects studio FuseFx has inked a deal for a new office and production space at RXR Realty’s 32 Old Slip in the Financial District, Commercial Observer has learned. 

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The company, which creates visual effects for movies, television shows and commercials, signed a seven-year lease for 15,000 square feet on part of the 17th floor of the building, according to an RXR spokesperson. Asking rent in the deal was in the mid-$60s per square foot. 

FuseFX is relocating from a smaller office at 584 Broadway, between Prince Street and Houston Street in Soho. 

The new space at 32 Old Slip “will provide a significant upgrade to our previous location in SoHo, with a more contemporary and creative space, better technical infrastructure, and better flexibility for the people and technology we need to serve our clients,” said David Altenau, the CEO of FuseFX, in a statement. 

FuseFX was represented by TJ Hochanadel and Dan Santagata of JLL. Alexandra Budd and Daniel Birney handled the transaction in-house for RXR, along with CBRE’s Zac Price and Michael Affronti

Insurance platform Policygenius also recently leased 85,000 square feet in the 36-story, 1.2-million-square-foot office tower between Front and South Streets. Other major tenants in the building include AIG, which occupies 230,000 square feet, and law firm Cahill, Gordon & Reindel, which has 208,000 square feet.