Investment Firm Battery Ventures Takes 11K SF on Fifth Avenue
A Flatiron District office building that changed hands last month just signed up a new tenant, Commercial Observer has learned.
Global investment firm Battery Ventures inked a five-year lease for 10,600 square feet on the third floor of 100-104 Fifth Avenue, according to a source with knowledge of the deal. Asking rent was $95 per square foot.
Battery Ventures’ current New York office is listed on its website as 636 Avenue of the Americas, just a few blocks from its new digs. It will move to 100-104 Fifth early next year, the source said.
A spokesperson for the firm did not respond to a request for comment.
Former landlord Clarion Partners (CPREX) bought the 20-story office building a decade ago for $230 million and sold it at a significant loss this fall, The Real Deal first reported. Sovereign Partners snapped up the property in November for $126.5 million. The building is at Fifth Avenue and 15th Street, seven blocks south of the landmark Flatiron Building and a block west of Union Square.
Cagner and Greenspan declined to comment.
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