News: Brokerage

LLC Rho expands to 6,927 s/f at 100 Crosby St.

New York, NY According to GFP Real Estate, LLC Rho, a tech-forward financial service platform, has signed a three-year lease for 6,927 s/f of office space on the sixth floor of 100 Crosby St. The company, which has been in the building since 2020, added an additional 3,703 s/f to its original 3,224 s/f.

Rho builds tech-forward cash and spend management solutions for some of the most innovative companies in the world. Ranging from e-commerce to manufacturing companies, Rho empowers thousands of organizations to grow and streamline their finances.  

“The fintech industry has seen significant growth over the past year. Rho, like many others, needed additional space to accommodate its growing team following the company’s initial successes,” said Donna Vogel, senior managing director of GFP Real Estate. 

Thomas Mahl of Current Real Estate Advisors represented the tenant, Rho, while Vogel represented the landlord, GFP Real Estate, in the transaction.

Built in 1884 and designed by architect Thomas Stent in a neo-Grecian style, 100 Crosby St. is an eight-story, 175,000 s/f office building. Located in Soho’s cast-iron historic district, 100 Crosby St.’s newly renovated lobby and entrance celebrate the architectural character of the surrounding neighborhood featuring materials such as backlit "bullet-glass," exposed brick, white marble and large original timber beams that were salvaged during renovation and hung from the lobby's ceiling. 

100 Crosby St. is now home to the famous shoe brand, converse, and encircled by luxurious fashion retailers, hotels, restaurants and bars in Manhattan’s most iconic shopping district. The property offers tenants a convenient commute from anywhere in the city with access to the R and W trains at the building and the 6 train only one block away.

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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