News: Brokerage

Bakkt signs 10,000 s/f lease in Manhattan’s Meatpacking District

New York, NY In a transaction arranged by CBRE, Bakkt Holdings, Inc., a digital asset company listed on the New York Stock Exchange under the ticker symbol BKKT, has signed a 10,435 s/f lease for an office in the Meatpacking District. Bakkt, which operates a technology platform that connects the digital economy, will occupy the entire fourth floor of Rockpoint’s 412 West 15th St. 

The CBRE team of Paul Amrich, Neil King and James Ackerson spearhead leasing at the Class A boutique office property and represented Rockpoint in the negotiations. CBRE’s Arkady Smolyansky and Jacob Rosenthal acted on behalf of Bakkt in the deal.

“The Meatpacking District has become one of the most sought-after office markets in Manhattan,” said Smolyanksy. “This lease by Bakkt not only allows the technology company to occupy Class A office space for its New York City operations, but also brings the building to 100% occupancy.” 

Totaling approximately 255,000 s/f, 412 West 15th St. has over 350 feet of retail frontage along the bustling 14th and 15th Street corridors. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent