{"id":1004142292,"date":"2016-04-20T04:40:33","date_gmt":"2016-04-20T12:40:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142292"},"modified":"2022-12-08T10:39:51","modified_gmt":"2022-12-08T18:39:51","slug":"wholesale-retailer-relocates-and-quadruples-headquarters-in-soho","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wholesale-retailer-relocates-and-quadruples-headquarters-in-soho\/","title":{"rendered":"Wholesale Retailer Relocates and Quadruples Headquarters in Soho"},"content":{"rendered":"

By Alexandra Pacurar, Associate Editor<\/em><\/p>\n

\"451<\/a>

451 Broadway, Soho<\/p><\/div>\n

New York\u2014<\/strong>Bulk Delivery Co. has signed a long-term lease<\/a> for a new office space of 12,912 square feet on 451 Broadway in Soho. The new Boxed<\/a> headquarters is just a few blocks away from their former location at 110 Greene St., measuring only 3,000 square feet.<\/p>\n

\u201cWe love being in Soho and are thrilled that we\u2019ll be able to continue to grow our footprint in this exciting, dynamic area of Manhattan\u201d, said DJ Williams, Vice President of Partnerships for Boxed.<\/p>\n

The structure at 451 Broadway was built in 1865 and modernized almost six decades later. The abundance of natural light makes it a perfect office space<\/a> solution. Rents in Soho, one of Manhattan\u2019s hottest submarkets, average $70 per square foot.<\/p>\n

Savills Studley Corp. Managing Director Zev Holzman represented the tenant and negotiated the four party transaction which involved the landlord, Crale Realty, but also Ideo and SquareSpace, companies that had been under lease for the extensive commercial property.<\/p>\n

\u201cThrough creative thinking we were able to create an opportunity for Boxed to expand on a long term basis within a very tight sub-market. The space itself is equally as exciting with a high end installation, large, home-like kitchen and open floor plan \u2013 all of which we acquired with minimal capital expense\u201d, said Zev Holzman, Savills Studley Corp. Managing Director, in a prepared statement.<\/p>\n

Boxed is a mobile app that represents the alternative to brick and mortar big box shopping. Created in 2013, it allows consumers to receive their everyday essentials at their doorstep.<\/p>\n

Savills Studley is part of London-based Savills plc and it specializes in conflict-free representation of tenants in their commercial real estate transactions<\/a>.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Boxed will occupy the entire 12,912-square-foot second floor at 451 Broadway, after a four party transaction executed by Savills Studley.<\/p>\n","protected":false},"author":236,"featured_media":1004142296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[],"class_list":["post-1004142292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\nWholesale Retailer Relocates and Quadruples Headquarters in Soho - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wholesale-retailer-relocates-and-quadruples-headquarters-in-soho\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wholesale Retailer Relocates and Quadruples Headquarters in Soho\" \/>\n<meta property=\"og:description\" content=\"Boxed will occupy the entire 12,912-square-foot second floor at 451 Broadway, after a four party transaction executed by Savills Studley.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wholesale-retailer-relocates-and-quadruples-headquarters-in-soho\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-20T12:40:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:39:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/451-broadway-soho.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"818\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wholesale-retailer-relocates-and-quadruples-headquarters-in-soho\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wholesale-retailer-relocates-and-quadruples-headquarters-in-soho\/\",\"name\":\"Wholesale Retailer Relocates and Quadruples Headquarters in Soho - 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