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Town Commercial & Stellar Management Complete Full-Floor Deal At One Soho Square

August 15 / 2016 
New York, NY, August 15, 2016 – TOWN Residential, New York’s leading luxury real estate services firm, and Stellar Management are proud to announce the successful closing of the estimated 32,000 square foot 4th floor of the newly constructed One SoHo Square, located at 223 Spring Street/161 Avenue of the Americas. TOWN's award winning broker, Lori Shabtai, and team member Jonah Katz, represented the tenant DoubleVerify. DoubleVerify, a NYC-based tech company that authenticates the quality of digital advertising for the world's largest brands, will be relocating from midtown Manhattan to establish One Soho Square as its new world headquarters later this year. The asking rent was $80 per square foot.

One SoHo Square East – a 15-story building, and One SoHo Square West – a 13-story building – along with the new side-core configuration will make One SoHo Square one of the largest, most efficient floorplate offerings in SoHo, offering up to 30,000 square feet. The three new penthouses atop West, ranging from 20,000 to 23,000 square feet, will feature ceiling heights up to 13’6”, unobstructed views, skylights and oversized private terraces. Well-located on the cross-section of SoHo and Hudson Square, One SoHo Square provides the best of both worlds in two of the most vibrant and sought-after neighborhoods in Manhattan.

"It was an honor to represent DoubleVerify in the search for their new global headquarters. They were direct with their needs and unwavering in their mission of securing a single floor below 30th Street and above Wall Street that would be easily accessible for their New York-based employees,” said Ms. Shabtai. “Working with Stellar Management on this incredible building was wonderful - they are visionaries with a genuine understanding of a tenant’s needs coupled with the focus and knowledge to work quickly to meet them. The Newmark team of Brian Waterman, Andrew Peretz, David Malawer, Brent Ozarowski and Courtney Adham is always a pleasure; professional, responsive and true team players in the world of brokerage. I look forward to bringing the many more technology tenants I’m currently working with to this very unique building.”

DoubleVerify is the recognized market innovator for technology and tools that authenticate the quality of digital media and drive ad performance for the world's largest brands. Established in 2008, DoubleVerify helps Fortune 500 companies and their agency partners gain the highest levels of ad effectiveness across the digital media ecosystem.

“One SoHo Square provides the modern infrastructure and high level of efficiency needed for a cutting-edge tech company like Double Verify,” said Ryan Jackson of Stellar Management. “We welcome Double Verify to the building and look forward to the continued leasing velocity we have been experiencing for the past several months.”

Responsible for the successful leasing of more than 60,000 square feet of tech tenant space in SoHo alone, Ms. Shabtai had an immediate and clear command of DV’s needs, from aesthetics to wave2wave connectivity, and to the usable square footage demand load for electricity and HVAC. She previewed more than 300,000 square feet, narrowing the consideration set to 100,000 for DV's owners.

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