Fanatics Grows Presence in Manhattan Following New Office Deal

[ad_1] After relocating its headquarters from 205 Hudson St. to 95 Morton St. within the West Village in 2022, digital sports activities platform Fanatics is now trying to additional increase its footprint throughout Manhattan.

The Jacksonville, Fla.-based firm, which operates in sports activities merchandise and playing, not too long ago signed a lease for 54,000 sq. ft at 345 Hudson St., a 17-story property owned by way of a three way partnership involving Norges Financial institution Funding, Hines and Trinity Church.

“Fanatics is thrilled to increase our rising presence in New York Metropolis with a brand new workplace house at 345 Hudson Avenue, which enhances our world headquarters a number of blocks away,” a spokesperson for Fanatics stated in a press release.

The phrases of the brand new lease, together with its period and the asking hire for the 800,000-square-foot property, haven't been disclosed. Nevertheless, a Newmark report indicated that workplace rents within the Hudson Sq. and Meatpacking District areas averaged $86.70 per sq. foot within the first quarter of 2025.

Newmark acted because the dealer for Fanatics on this transaction. The owner’s illustration was not instantly clear.

Fanatics, which boasts a world database of greater than 100 million sports activities followers, additionally maintains U.S. workplaces in San Mateo, Calif.; and Tampa, Fla.; alongside worldwide areas within the UK, Japan and India, in accordance with its web site.

The digital sports activities platform Fanatics will likely be becoming a member of a various group of tenants at 345 Hudson St., together with on-line clothes rental service Hire the Runway; radio station 1010 WINS; and know-how big Google, which had reportedly been looking for to sublease its 165,000 sq. ft inside the constructing as of February.

Whereas it’s unsure if Fanatics’ new house is a part of Google’s beforehand obtainable footprint, an organization spokesperson acknowledged that the brand new workplace would “create a terrific work setting for a number of of our groups, conducive to innovation and collaboration, as we proceed to construct a number one digital sports activities platform for followers globally.”

In search of workplace house for lease in Manhattan or different prime U.S. markets? Go to the CommercialCafe.com homepage to start out your seek for actual property funding alternatives.

Final modified: Might 16, 2025

Earlier Story:Southwest Florida Coast Renaissance Workplace Middle Adjustments Fingers In regards to the Creator / Diana Sabau With years of intense analysis on the U.S. business actual property market at Yardi Matrix, Diana is at the moment placing her expertise to make use of by writing for a number of Yardi blogs. She covers CRE funding, job market developments and tech. Her work has been featured within the New York Instances, GlobeSt, The Actual Deal, NAIOP, MSN and Bisnow.