CBRE arranges 4,743 s/f office sublease for new private equity firm at 860 Washington Street

Manhattan, NY In a transaction arranged by CBRE, Springcoast Capital Partners LP, a private equity firm recently launched by a former Goldman Sachs Group executive and the founder of a family office to invest in growing technology companies, has inked a 4,743 s/f sublease at 860 Washington St. Spingcoast Capital will occupy part of the sixth floor of the 117,230 s/f newly constructed office building owned by Meadow Partners. 

The CBRE team of Neil King and Zac Price represented Springcoast Capital in the lease negotiations with the subtenant. Seth Rosen and Ken Salzman of Lee & Associates acted on behalf of the sublandlord. 

“Springcoast was recently launched with 12 employees and required the type of quality office space that would speak to its high-profile clients and investment services,” said King. “This sublease opportunity in one of the Meatpacking District’s most premier trophy buildings met our client’s real estate requirements perfectly.”

Founded by Holger Staude, most recently a managing director at Goldman Sachs Growth, and Grant Wentworth, the founder and managing partner of family office Maple Partners LLC, Springcoast Capital is a growth equity firm focused on providing flexible capital to market-leading software and technology-enabled companies.

"Springcoast thanks Neil, Zac and the CBRE team for their exhaustive search and efforts to help our firm find our new home," Wentworth said. "We are excited to continue to grow and to partner with world-leading companies and to build our future in a culturally rich part of New York City."