Raise Commercial and Newmark lease 12,159 s/f

Manhattan, NY Raise Commercial Real Estate has signed a five-year, 12,159 s/f lease with Leap at 99 Hudson St. in Tribeca. Leap’s new space will serve as the company’s New York City headquarters.

Jamie Katcher, managing director, and Sebastian Infante, executive vice president, both with Raise Commercial Real Estate, represented Leap in the transaction. The landlord, Olshan Properties, was represented by Jonathan Franzel, Michael Shenfeld and Eric Cagner of Newmark.

“We’re thrilled to have landed Leap in their new New York City headquarters, a space that aligns with their rapid-growth trajectory,” said Katcher.

“Leap wanted to stay in Lower Manhattan—and 99 Hudson St.’s positioning in the sought-after Tribeca neighborhood allows the company to continue expanding its New York City operations.”

“As companies grow, their need for space evolves and our challenge becomes finding a new location that meets a company’s current and forward-looking needs, while maintaining the same look and feel of the space they were previously occupying,” said Infante. “This relocation is an example of our team’s unique ability to help companies within the tech sector find these types of scaleable locations.”

Through the Leap platform, brands can more rapidly deploy brick & mortar stores that work in harmony with ecommerce and at significantly reduced cost and risk. Leap uses millions of data points to bring modern brands to life through compelling, immersive, in-person customer experiences.

“We believe modern brands should focus on their strengths - building their brands - and operate their stores on the Leap platform,” said Amish Tolia, co-founder and co-CEO of Leap. “Our data-driven approach to physical retail is unmatched and, in part, explains why Leap is growing at a rapid pace. We’re on track to add 100 corporate employees this year and are actively scaling our New York City operations to meet brands’ demand for our platform.”

Located inTribeca at the corner of Hudson and Franklin Sts., 99 Hudson St. is a 16-story building that features high ceilings, views and roof deck amenity spaces. Due to its central location, the property can be accessed via trains including the 1, 2, 3, A, C, E, J, N, Q, R and Z lines and is a short distance via car to the Brooklyn, Manhattan and Williamsburg Bridges as well as the Holland Tunnel.

Since 2020, Raise has more than doubled their team throughout the Los Angeles, Silicon Valley, Denver and New York regions. Integrating brokerage, workplace, project management, and market analytics, Raise leads companies to find, build and manage better workplaces. By empowering their experts with innovative technology, Raise enhances speed, transparency, and collaboration for their clients at every stage of the real estate lifecycle. Raise has high growth targets for 2022 as it expands across the country, serving clients from publicly traded companies like Palantir and Twitch to high growth startups like Notion and Envoy.