California-based Startup Expands Manhattan Footprint in Relo Deal to Chelsea Building
The six-story building located in the Chelsea neighborhood at 115 West 18th Street will be adding online corporate travel and expense manager Navan to its tenant roster following a recently signed lease for the entire 6th floor. The size of the floor plates within the pair of conjoined buildings — 115 West 18th Street and 123 West 18th Street, provided the California-based startup with 40,650 square feet on a single floor; and reportedly represents an expansion from their current office near Bryant Park on the 14th floor at 1450 Broadway. Formerly a portion of co-working space provider WeWork’s headquarters, the space comes with an existing high-end installation and excellent natural light and air flow. Navan will be joining the event venue Metropolitan Pavilion which currently occupies 68,000 square feet in the Wasserstein Enterprise-owned property where both management and leasing are handled by ABS Partners Real Estate. The terms of the lease were not released but asking rent for the space was $65 per square foot.