Cushman & Wakefield announced today that the real estate firm has been selected by ASB Real Estate Investments as the exclusive leasing agent for 26,466 square feet of available office space and 10,000 square feet of available retail space at 875 Washington Street in Lower Manhattan’s Meatpacking District.
A Cushman & Wakefield brokerage team consisting of Executive Managing Director Steven Soutendijk,Director Christopher Schwart, and Associate Molly Sandza are leading the retail leasing efforts on behalf of ownership. Executive Managing Director Ethan Silverstein, Director Whitney Anderson and Senior Associate Jim McCaffrey are spearheading the office leasing efforts.
“The property’s flagship position in the Meatpacking District, at the intersection of The Standard Hotel, Samsung’s Marketing Center of Excellence and Tesla’s soon to open flagship showroom, is a perfect location for a variety of high class retailers and office tenants, especially in the fashion and TAMI industries,” said Christopher Schwart of Cushman & Wakefield. “This is a rare opportunity to lease in the center of one of the world’s premier shopping neighborhoods, joining major retailers like Apple and Diane Von Furstenberg with close proximity to The Whitney Museum, the entrance to the High Line and to major tech companies like Google.”
Brodie Ruland, ASB Senior Vice President and Northeast Region Head, said: “This is an asset we are proud to own, being so well positioned in such a high profile retail and office submarket of Manhattan. We are excited to work with our new Cushman & Wakefield leasing agents and look forward to transacting with some great tenants.”
There are currently two full-floors of office space available, the entire 5th floor and the entire 3rd floor, each totaling 13,233 RSF. The 5th floor tenant will have exclusive access to a brand new roof deck. In addition, 875 Washington Street features classic Meatpacking District architecture with high ceilings, hardwood floors and exposed brick. Ideal for boutiques and restaurants, the building’s retail space totals 19,500 square feet with 10,000 square feet currently available on the ground floor.
Located across the street from The Standard Highline, and one block away from Chelsea Market and The Gansevoort Hotel, the area has a high volume of foot-traffic and an abundance of retail shopping, hospitality and dining options. The neighborhood is also home to New York Fashion Week and numerous designer showrooms. The property is easily accessible to the 1, 2, 3, F, M, L, A, C, and E subway lines.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.
About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm with $7.4 billion* in gross assets under management for over 360 domestic and international institutional clients. Headquartered in Washington DC, ASB invests in major urban markets across the country, concentrating in office, multifamily, retail and industrial properties. ASB manages the ASB Allegiance Real Estate Fund, its sole vehicle for core investing; the ASB Meridian Real Estate Funds, a series of low-leverage value creation vehicles; and a development separate account. For more information about the company, visit www.asbrealestate.com.
