Airbnb Extends Long-Term Lease for San Francisco HQ
The platform will occupy 250K square feet in Showplace Square until 2037.
NEW YORK CITY—Campari America will be moving from San Francisco to the heart of New York City’s Midtown in the fall of 2018. The US subsidiary of Campari Group, the world’s sixth-largest spirits company according to its website, has signed a 10-year lease to occupy 64,648 square feet, the full 18th and 19th floors in the Grace Building. The new headquarters will be designed by the architect and design firm, Gensler.
Owned by Brookfield Properties and the Swig Company, the Grace Building is a 48-story, 1.6 million square-foot, LEED Platinum-certified property. It is located at 1114 Avenue of the Americas, between W. 42nd and W. 43rd streets, across from Bryant Park.
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The platform will occupy 250K square feet in Showplace Square until 2037.
The rate is the lowest the company has received for a refinancing since 2019.
The price is a “meaningful discount to replacement cost.”
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