Comcast Takes 25K SF of Office Space in SoHo

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Cable provider Comcast inked a deal for 25,500 square feet for a new office in SoHo, Commercial Observer has learned.

Comcast signed a 10-year lease for the space on the entire second and third floor of Zar Property NY’s 109 Wooster Street between Prince and Spring streets, according to a source with knowledge of the deal. Asking rent was $99 a square foot.

SEE ALSO: Amazon Signs 1M SF Distribution Center in Calif.

Despite the pandemic, Comcast has been busy on the real estate front. The media conglomerate inked one of Manhattan’s largest deals during COVID-19 when it signed a one-year extension for NBC Universal’s 339,833-square-foot space at 1221 Avenue of the Americas in July.

The source said the SoHo deal is for a new office for Comcast, but it’s unclear what division of the company will occupy the building. Comcast plans to move into the six-story 109 Wooster in March.

Zar Property handled the deal in-house via Dario Zar and David Zar, while Avison Young represented Comcast, the source said. David Zar declined to comment, while a spokesman for Avison Young could not confirm if brokerage was involved in the deal.