Space 13,000 sq ft
Location 459 Broadway
What do you think of when you think of when you think of a holding company? Us too. But that was before we met 1/0 Capital. They are a private equity company with 4 brands that are revolutionizing the credit and lending sector. We needed to find a space with the capacity to house all the talent at work, and we needed to find it yesterday.
1/0 Capital was located just north of Houston and some of their brands were 50 blocks away. In total, they had 4 different offices with 4 different lease expirations. They needed to consolidate and keep everyone under one roof, but they were a classic startup themselves — meaning they had money, but no time. We looked at over 30 options and navigated tricky terrain. Building out a new installation would have been quite costly — on their wallets and their timelines. And, if they were to sublease, we’d need to time it perfectly, so they could get it in right as their own leases were up. They also wanted to stay downtown. There were a lot of moving parts.
Eventually we did find a place — a sublease — and everybody wanted it. We agreed on a winning strategy with the client in advance, because we had one shot and we had to get it right.
Squarespace was growing and moving out of their current location and we took that opportunity to get 1/0 Capital into 13,000 sq ft on the 4th and 5th floors of 459 Broadway at Howard — equipped with everything they needed to run a business: phones, desks, conference rooms. The entrance on Howard leads you to a big industrial elevator that opens up right into the space. Classic SoHo.
And all was in excellent condition, which isn’t always the case when a company leaves an office. It couldn’t have been more plug-and-play. 1/0 Capital could get in and be up and running without missing a beat. To top it off, we even helped them sublease one of their own spaces that had a lease wasn’t up for another 5 years. We do whatever it takes.