Venture capitalists lease 34,000 s/f in Soho


a16z, the venture capital firm based in San Francisco, has
signed a 10-year lease for 33,560 s/f at 200 Lafayette Street.

The new office will serve as the firm’s New York headquarters
as it builds out its $3.1 billion crypto fund. Founded in 2009 by Marc
Andreessen and Ben Horowitz, Andreessen Horowitz (known as a16z) has $19.2
billion in assets under management across multiple funds.

The firm is increasing its footprint with a relocation from
its current office at 11 Madison Avenue. The new office – previously occupied
by JC Penney – will comprise the full 16,780 s/f third and fourth floors and include
outdoor space). The full buildout of its new office is expected to be complete
by the end of 2022.

Barbara Winter and Carlee Palmer from JLL represented
landlord Swiss RE in the lease. Current Real Estate Advisors co-founders Adam
Henick and Brandon Charnas represented a16z.

200 Lafayette is a seven-story building originally
constructed in 1893. The property’s office space on floors 3-7 is owned by
Swiss RE while the retail condos on the ground and second level are owned by
Brookfield Properties. Chobani occupies the top three floors of 200 Lafayette.

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200 lafayettea16zAndreessen HorowitzBrookfield PropertiesCurrent Real Estate AdvisorsJLLSWISS RE