CBRE Arranges 17,421 Sq. Ft. Office Lease for CoreWeave at 33 Whitehall Street

In a transaction arranged by CBRE, CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, has inked a 17,421 sq. ft. long-term office lease at 33 Whitehall Street in downtown Manhattan. The cloud infrastructure company will occupy the top floor of the 30-story, Class A office tower owned by Stawski Partners.

The CBRE team of Jonathan Cope and Edward Goldman are the exclusive leasing agents for the property and represented the ownership in the lease negotiations.

“33 Whitehall Street was designed with data centers and trading floors in mind and is a perfect fit for new leading edge technology,” said Jonathan Cope of CBRE. “In addition to its excellent location near public transportation, virtually column-free floors, a robust electrical distribution system and ability for back-up generators, we are able to address the questions of today’s tenants about strength of ownership, lease flexibility, and speed to occupancy.”

Technology companies that operate in the artificial intelligence space are a bright spot in the New York City office market. According to CBRE, AI firms have signed 900,000 sq. ft. of leases in Manhattan since 2019, with 330,000 sq. ft. of deals executed in 2023 alone.

“CoreWeave has been rapidly expanding by adding new data center locations, new clients and greater capacity, and this is yet another demonstration of the success we’ve had in bringing specialized GPU cloud infrastructure to the market recently,” said CoreWeave Co-Founder and CEO, Mike Intrator. “This office space will further our presence in New York City and help CoreWeave to become more ingrained in its burgeoning technology ecosystem.”

Located in Manhattan’s Financial District, 33 Whitehall Street, also known as Broad Financial Center, is easily recognizable from its blue glass façade and offers excellent views of the Verrazzano-Narrows Bridge and Hudson River. The building boasts a distinctive three-story lobby with a reflecting pool.

"New York City is primed to be the global hub for AI and we are thrilled that CoreWeave is substantially increasing their footprint here," said New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball. "With over 40,000 workers in the NYC metro area with AI and AI-adjacent skills, CoreWeave is an important part of NYC’s growing AI ecosystem, building the next generation of cloud infrastructure. With significant VC funding in AI in recent years, our academic and research strengths, talent pool, and diversity of industries who are looking to leverage AI, New York City continues to pave the way to be the global hub for AI.”

Dan Posy and Ian Lipman of JLL represented the tenant.