Rendering of 10 Jay St. in Dumbo, Brooklyn/ Image credit: Visualhouse
NEW YORK CITY—Glacier Global Partners and Triangle Assets refinanced 10 Jay St. with a $205 million floating-rate loan from Natixis.
The 10-story, 222,228 rentable-square-foot office and retail property in the Dumbo neighborhood of Brooklyn will be the new headquarters for Rent the Runway.
Planning to move in 2020, the online designer fashion rental service leased over 83,000 square feet. It will occupy the seventh through 10th floor which includes 10,000 square feet of outdoor space. The building will also house the flagship New York City location for SoHo Works. That's SoHo House's co-working space, which has leased 50,000 square feet. This co-working outpost is a close distance to their Soho Work's Dumbo House location at Empire Stores.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
