Newmark Knight Frank (NKF) is pleased to announce that it has completed a new, 11,300-square-foot lease at 404-408 West 14th Street on behalf of the property’s owner,The Winter Organization. An NKF team of Managing Director Anthony Sciacca, Executive Managing Director Robert Silver, and Associate Richard Johns represented ownership. The tenant, RAB Lighting Inc. (RAB), was represented by Joe LaRosa of ABS Partners Real Estate.
Founded in 1946, RAB is an LED lighting company that creates high-quality, affordable and energy-efficient lighting and controls.The firm will be relocating its corporate headquarters to 404-408 West 14th Street from its current location at 535 W. 24th Street, with a new, eight-year lease. RAB plans on using the space with minor modifications for both offices as well as its showroom. Asking rents in the building hover in the mid-$60s per square foot.
“We are happy to have completed this deal on behalf of ownership, which is thrilled to have a tenant in their building that has continually reinvented themselves and has been in business since 1946,” said Sciacca.
Located between 9th Avenue and Washington Street, 404-408 West 14th Street lies at the core of the Meatpacking District. The four-story boutique, loft office building was entirely redeveloped and renovated in 2001, which positioned it as a prime asset in the dramatically resurging neighborhood. Nearby amenities include the Apple Store, the High Line, and the Whitney Museum of American Art.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
