CBRE arranges 35,384 s/f sublease at 245-249 West 17th St.

Manhattan, NY CBRE has completed the 35,384 s/f sublease at 245-249 West 17^th St. MoneyLion Inc. (NYSE: ML), a leader in financial technology powering the next generation of personalized products and content, subleased the office space on the entire fourth floor of the property, previously housing X Corp (formerly Twitter).

The CBRE team of William Iacovelli, Sacha Zarba, Lauren Crowley Corrinet, Elliot Bok and Connor DeSimone represented the sublandlord, X Corp, in the negotiations. Eric Ladden of Cornerstone Realty worked closely with Jason Birk and Steve Marvin of Olmstead Properties and acted on behalf of MoneyLion.

“The space formerly housing X Corp/Twitter was ideal for MoneyLion, given its central location in the heart of Chelsea and the high-end installation already in place,” said Iacovelli. “We are excited that all parties worked together to bring this deal to fruition.”

Owned by Columbia Property Trust, 245-249 West 17^th St. is a 281,000 s/f, two-building interconnected complex in Chelsea. The two properties were built in 1909 and fully renovated in 2014. In addition to MoneyLion, the high-end modern furniture chain Room & Board occupies the ground floor space.

Tags: Brokerage

Reprint

Previous Story Next Story

People’s Arc of Suffolk signed at 10-year lease 59 Sunrise Hwy East Islip, NY

East Islip, NY People’s Arc of Suffolk has signed a 10-year lease for a 4,000 s/f freestanding retail/office building at 59 Sunrise Hwy. The property

The Malin signs long-term lease for entire floor at GFP Real Estate’s 10 Astor Place

The Malin signs long-term lease at GFP’s 10 Astor Place

NYSCAR June 2026 president’s message - by Mercedes Brien

SL Green Realty sells 10 East 53rd St. for $312.2 million to Meadow Partners

Grassi signs 41,000 s/f lease renewal at 50 Jericho Quadrangle

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Forbes Global Properties launches in the United Kingdom: Led by Bikhit, the firm will represent the UK’s best-in-class homes priced over £10 million

Columns and Thought Leadership

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced