Manhattan, NY CBRE has completed the 35,384 s/f sublease at 245-249 West 17th 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 17th 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.
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