Columbia Property Trust Leases Last Floor At West 18th Street Building
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Columbia Property Trust has played 18 holes and is now in the clubhouse at its West 18th Street property after signing a golf company to the last available space in the building.
Drive Shack, which owns and operates golf-related leisure and entertainment businesses, agreed to take 13K SF across the third floor of the building at 218 West 18th St., CXP announced Thursday, bringing the building to 100% leased. The lease term and asking rents were not made public.
“Chelsea continues to be a preferred destination for the world’s top tech, media and creative companies, and 218 West 18th St. is located at its core,” CXP Senior Vice President Dave Cheikin said in a release.
Tenants in the building — which CXP bought in 2017, along with two buildings at 245-249 West 17th St. for a combined $514M, from New York REIT — include Red Bull and film production firm Company 3. At the 249 West 17th St. building, Twitter recently extended its lease for 215K SF.
Chelsea and the surrounding area on the West Side has been tech companies’ neighborhood of choice in recent years. Google bought 111 Eighth Ave. for $1.9B in 2010 for its headquarters in the city. It spent $2.4B to buy Chelsea Market from Jamestown last year, and is planning a massive new campus in Hudson Square.