New York

Digital Asset Platform Bakkt Inks 10,000 Sq. Ft. Lease in Manhattan’s Meatpacking District

Commitment Brings Rockpoint’s Boutique Office Property to 100% Occupancy

07 Feb 2022

Bakkt Holdings

In a transaction arranged by CBRE, Bakkt Holdings, Inc., a digital asset company listed on the New York Stock Exchange under the ticker symbol BKKT, has inked a 10,435-sq.-ft. lease for an office in the Meatpacking District. Bakkt, which operates a technology platform that connects the digital economy, will occupy the entire fourth floor of Rockpoint’s 412 West 15th Street. 

The CBRE team of Paul Amrich, Neil King and James Ackerson spearhead leasing at the Class A boutique office property and represented Rockpoint in the negotiations. CBRE’s Arkady Smolyansky and Jacob Rosenthal acted on behalf of Bakkt in the deal. The duo has carved out a specialty niche in representing tenants in the boutique new construction segment of Midtown South. 

“The Meatpacking District has become one of the most sought-after office markets in Manhattan,” said Mr. Smolyanksy. “This lease by Bakkt not only allows the technology company to occupy Class A office space for its New York City operations, but also brings the building to 100% occupancy.” 

Totaling approximately 255,000 sq. ft., 412 West 15th Street boasts innovative architecture featuring exceptional light, air and views, full glass storefronts, soaring ceilings, efficient floor plates, and over 350 feet of retail frontage along the bustling 14th and 15th Street corridors. 

The property is situated on a prime block on 14th and 15th Street between 9th and 10th Avenue in the center of Manhattan’s Meatpacking District, a submarket that has become home to many of the world’s leading retailers and prominent office tenants such as Google, Samsung, MLB, IAC, Food Network, LVMH, Giorgio Armani, and Twitter. Nearby Little Island at Pier 55 is a newly opened artificial island park in the Hudson River with a striking stilt design, featuring flower beds and shows at a waterside amphitheater.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.