NEW YORK, May 10, 2017 /PRNewswire/ -- The Kaufman Organization (Kaufman), announced today that Raise Marketplace (Raise), the largest online marketplace to buy and sell gift cards, has selected 155 West 23rd Street as its New York headquarters. The firm, which will be housed across a full-floor 6,933-square-foot space on the 12th floor, with access to a private roof-deck, represents the first lease signed at the newly brought to market and repositioned building.
"Raise has significantly expanded its presence in Chicago. As it ventures east to New York City, we're confident that the amenities, space and Midtown South address will afford the company the opportunity to establish a brand presence and experience the same growth as it has in the Midwest," said Grant Greenspan, Principal at the Kaufman Organization. "Kaufman's strategic rebranding campaign at 155 West 23rd Street, among our other properties, aims to attract growing business ventures like Raise. With the firm signing the first lease at the building, we expect leasing velocity at the building to match the success of the Madison Square Portfolio."
Raise, founded in 2013, has saved consumers more than $125 million and received $87.2 million in funding. As the leading retail technology partner with more than 220 national brands, Raise offers consumers up to 30% savings on gift cards for popular brands such as Starbucks, Nike and Gap. In addition to acquiring Slide in 2016, Raise also acquired mobile personalization business Tastebud Technologies in 2015.Grant Greenspan, Jared Sternberg and Aron Orbach represented the landlord 155 W 23 Leasehold LLC (in partnership with Goldman Sachs Asset Management Private Real Estate) in the five year lease. Asking rent was in the mid-$70's-per-square-foot and expected occupancy is Summer 2017.
Kaufman recently completed a strategic $10 million capital improvements campaign at 155 West 23rd Street that included a gut renovation, along with the installation of new plumbing and electrical systems and state-of-the-art fiber optic/telecommunications risers. The building features a modern and high-concept lobby space, courtesy of notable architectural design firm, Design Republic.
155 West 23rd Street is located in close proximity to subway lines including the 1, F, M, C and E lines as well as the PATH train. Nearby New York City landmarks include Madison Square Park, Shake Shack, Eataly and the Flatiron Building.
For more information regarding leasing opportunities, please contact Grant Greenspan at 212-471-4340 or GrantG@kaufmanorganization.com or Jared Sternberg at (212) 471-4352 or Jareds@kaufmanorganization.com.
About The Kaufman Organization
With over 100 years of experience and six million square feet of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions. www.kaufmanorganization.com
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SOURCE The Kaufman Organization