Columbia Property Trust signs full floor lease with Cadre at 315 Park Ave. South

New York, NY Columbia Property Trust, Inc. has secured a full-floor lease with Cadre at 315 Park Ave. South, a 20-story boutique office building just off Madison Square Park.

Cadre is a technology-driven real estate investment platform geared toward both institutional and individual investors. Under the new 10-year lease, Cadre will establish its headquarters across 315 Park Ave. South’s 17,050 s/f seventh floor in fall 2022. The firm is relocating from the Puck Building at 295 Lafayette St.

After acquiring 315 Park Ave. South in 2015, Columbia completely transformed the 331,000 s/f tower into an office destination in one of Manhattan’s most popular office districts, and it has continued to attract firms seeking the energy of Midtown South and a Class A office experience. With the Cadre signing, the building is 97 percent leased to an impressive roster of prominent tech and financial tenants, including financial data platform PitchBook, cryptocurrency exchange Gemini Trust, and Amazon’s interactive streaming service, Twitch.

“We are pleased to welcome Cadre – yet another cutting-edge technology company choosing 315 Park Avenue South as its home,” said Columbia Property Trust executive vice president, Dave Cheikin. “We have continued to experience strong demand from prominent financial, tech and creative brands that understand the importance of providing their teams with a premium workplace environment in the heart of a vibrant neighborhood.”

"Our mission at Cadre is to make commercial real estate more accessible to more individuals, and coming off our strongest quarter to date, Cadre requires a flagship office that can accommodate the pace and expansion of our business as we begin a new chapter of growth. The location, space, and amenities at 315PAS are a great fit for our growth and culture," said Cadre founder and CEO Ryan Williams. "As evidenced by our most recent property sales, we are convinced that strong partners are critical to every successful investment. Columbia Property Trust has proven to be an excellent partner during this exciting phase for our business and, from their state-of-the-art location, we look forward to improving financial futures for even more individuals."

Columbia’s initial renovation of the century-old building celebrated its classic exterior architecture while modernizing the building systems, and Columbia has continued to invest in technology and operating enhancements that emphasize occupant health, wellness, and safety. As a result of these efforts, 315 Park Ave. South has earned ENERGY STAR, Fitwel®, LEED Gold, and WiredScore Platinum certifications.

Steven Rotter and Justin Haber of JLL represented Cadre.