New York's Lower East Side. Photo by Shutterstock.
NEW YORK—Marx Realty has secured entertainment and culture news website UPROXX as a tenant at 161 Bowery on the Lower East Side. UPROXX signed a three-year lease for the building's seventh floor, taking 3,300 square feet.
Asking rent was $81 per square foot. The Warner Music Group-owned company is relocating from a subleased space within the building.
Marx Realty acquired both 135 and 161 Bowery streets in 2018 as part of the company's strategy to expand its commercial real estate portfolio. Both buildings are one block away from each other in the coveted Bowery neighborhood.
161 Bowery is a seven-story building originally built in 1920 and redeveloped in 2016 that offers street-level retail and office spaces distributed over 25,000 square feet.
The building is located in an area that has become a hub for companies in the media and tech sectors. It is also close to Nolita, the East Village and SoHo.
UPROXX joins a number of tenants that include social media giant Kik Interactive, advertising firm Space 150, multinational educational startup Brainly, as well as Mark Fisher Fitness on the ground floor.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
