Hedge Fund RTW Investments Nearly Doubles Presence at Solar Carve Tower
By Nicholas Rizzi March 24, 2021 10:47 am
reprints
Hedge fund RTW Investments nearly doubled its Meatpacking District offices at the Solar Carve Tower, Commercial Observer has learned.
RTW signed a 10-year lease for 13,815 square feet on the entire third floor of the Studio Gang-designed building at 40 10th Avenue between West 13th and West 14th streets, a source with knowledge of the deal said. Asking rents in the 10-story property range from $140 to $200 per square foot.
The firm first took space at 40 10th in 2019, when it inked a deal to move its offices from Chelsea to 14,082 square feet on the entire seventh floor. RTW plans to move into its new space by the end of the year, the source said.
The 160,000-square-foot 40 10th Avenue, developed by Aurora Capital Associates and William Gottlieb Real Estate, finished construction in 2019. The glass tower, which overlooks the High Line, is known for its prism-like curtain wall that avoids casting shadows.
Other tenants in the building include Barry Sternlicht’s Starwood Capital Group and Genesis Motors, the luxury division of Hyundai Motor Company, which opened a 40,000-square-foot showroom on the ground floor.
ACA’s Jared Epstein represented the landlords in-house, along with JLL (JLL)’s Howard Hersch, Brett Harvey and Sam Seiler. CBRE (CBRE)‘s Silvio Petriello, Ben Friedland and Hugh McDonald handled the deal for RTW. The CBRE and JLL brokers declined to comment.
