CBRE Arranges 35,384 Sq. Ft. Sublease at 245-249 West 17th Street

CBRE announced today the completion of a 35,384 sq. ft. sublease at 245-249 West 17th Street. MoneyLion Inc. (NYSE: ML), a leader in financial technology powering the next generation of personalized products and content, subleased the office space on the entire fourth floor of the property, previously housing X Corp (formerly Twitter).

The CBRE team of William Iacovelli, Sacha Zarba, Lauren Crowley Corrinet, Elliot Bok and Connor DeSimone represented the sublandlord, X Corp, in the negotiations. Eric Ladden of Cornerstone Realty worked closely with Jason Birk and Steve Marvin of Olmstead Properties and acted on behalf of MoneyLion.

“The space formerly housing X Corp/Twitter was ideal for MoneyLion, given its central location in the heart of Chelsea and the high-end installation already in place,” said Mr. Iacovelli. “We are excited that all parties worked together to bring this deal to fruition.”

Owned by Columbia Property Trust, 245-249 West 17th Street is a 281,000 sq. ft., two-building interconnected complex in the heart of Chelsea. The two properties were built in 1909 and fully renovated in 2014. In addition to MoneyLion, the high-end modern furniture chain Room & Board occupies the ground floor space.