Union Square Upgrade: Playground's Flexible Leap into 18 East 16th Street

Company: Playground
Building: 18 East 16th Street
Lease Term: 2 + years
Lease Type: New Direct Lease
Delivery conditions: Turnkey
Landlord: Sovereign Partners

The Challenge

Playground, a burgeoning tech startup, needed a flexible short-term office lease that could accommodate their rapid growth and future scalability. The ideal location would also be near a major transportation hub to facilitate easy access for both employees and visitors, and the space needed to provide ample natural light to create a pleasant working environment.

The Solution

The perfect solution was found at 18 East 16th Street, right in the heart of Union Square. This boutique asset offered a bright, full floor that was move-in ready on a short-term lease with options for longer terms. This setup provided the necessary flexibility and met all of Playground's immediate and future requirements.

The Outcome

Playground successfully expanded into the new space at 18 East 16th Street, securing a lease that supports their growth trajectory while also situating them in a vibrant area rich with transit options and urban amenities. The office's ample natural light and open floor plan have greatly enhanced their working environment, contributing to overall employee satisfaction and productivity.