Cannabis Marketplace LeafLink Doubles Space at 80 Broad Street
LeafLink signed an expansion to take another entire floor at Broad Street Development and Invesco’s 36-story building between Stone and Beaver streets, Crain’s New York Business reported. The deal brings its presence to more than 26,000 square feet.
Representatives from LeafLink, Invesco and tenant broker JRT Realty Group did not respond to requests for comment.
The terms of the deal were unclear, but asking rents in the building were $55 per square foot in 2020, as Commercial Observer previously reported.
LeafLink, which provides a wholesale ordering platform for cannabis retailers, first moved into 6,000 square feet on the 20th floor in 2019 before taking the entire 12,863-square-foot 11th floor in February 2020, as CO reported.
Despite the fact that LeafLink is still mainly working remotely, it grew from 75 people at the start of the pandemic to 200 recently and took the space to support whenever people return to the office, CEO Ryan Smith told Crain’s New York.
LeafLink was represented by JRT’s Greg Smith, while Broad Street handled the transaction in-house via David Israni. Israni did not immediately respond to a request for comment.
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