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Brokerage
Posted: December 27, 2022
ATCO Properties & Management renews and expands lease with Betty Buzz
Manhattan, NY According to ATCO Properties & Management, Betty Buzz, a sparkling non-alcoholic premium drink mixer line, has renewed its lease and moved into a larger 2,101 s/f space at 381 Park Ave. S.
Betty Buzz mixers are made from only clean ingredients and all natural flavors, and are manufactured in the United States. The company’s lease renewal is an expansion from the original 731 s/f it has occupied on the 10th floor since November 2021, to 2,101 s/f on the 7th floor. The additional space will help the company, founded in September 2021 by Blake Lively, to meet growing public interest in and demand for Betty Buzz’s products.
“It is always exciting to see young businesses such as Betty Buzz grow and thrive and we are thrilled that they’ve chosen to continue to call 381 Park Avenue South home,” said Kate Hemmerdinger Goodman, co-president, ATCO Properties & Management.
381 Park Ave. S was built in the early 1900’s with 17 floors totaling 228,000 s/f. The property is nearby Madison Square Park and several subway lines, including the N, Q, R and 6 trains.
Goodman said, “With its timeless architecture and coveted Midtown South location, coupled with our commitment to best-in-class service, 381 Park Ave. S continues to be a sought after property for new and returning tenants.”
No tenant brokers were involved in the transaction. Goodman represented building ownership in-house. Rent was $64 per s/f.
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