London-based investment manager Steadview Capital Management invades America.
The company has signed an agreement to open its first US office in 817 Broadway in Greenwich Village, Commercial Observer has learned.
Steadview signed a five-year lease for 9,943 square feet on the 11th floor of the 14-story building between East 11th and East 12th streets, according to a source familiar with the deal. The asking rent was $105 per square foot.
The firm was founded in London in 2009 and focuses its investments on ‘high growth’ technology companies and currently has more than $5 billion in assets under management, according to his website.
His US outpost will be his first outside the UK and he plans to move to 817 Broadway later this year, the source said.
Newmarkit’s David Falk, Jason Greenstein, Daniel Levine and Jordyn Comras represented the owners — Taconic Partners, Nuveen Real Estate and Squire Investments – in the case. Sarah Pontius and Georgina Cook of Artisan alliance took care of it for Steadview.
Representatives for Newmark and Artisan declined to comment.
Other tenants at the 140,000 square foot 817 Broadway include a retail advertising agency Wheelbarrowsprivate equity firm SDC Capital Partners and venture capital firm Union Square Ventures, which took up 13,500 square feet in the building last month.
Nicholas Rizzi can be reached at [email protected].