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New York & Tri-State  + Midtown New York  + Office  |  May 2, 2019
Paul Bubny
By: Paul Bubny

Rent the Runway Trades Hudson Square for Dumbo

Rent the Runway, an online service that provides designer dress and accessory rentals, will occupy the top four floors of Glacier Global Partners’ 10 Jay St. development in Dumbo. A CBRE team of Frederick Fackelmayer, Alex Benisatto and Sam Mann represented the tenant in the 83,051-square-foot lease.

Founded in 2009, Rent the Runway is relocating from 345 Hudson St. in Manhattan’s Hudson Square neighborhood. The fashion retailer plans to move to its new space in 2020.

“Rent the Runway represents the largest lease signed in Dumbo in nearly five years,” said Fackelmayer, who has arranged 420,000 square feet of leases in Brooklyn since 2014.

“This is significant for the Brooklyn market, as the brand is the latest highly successful creative company to relocate to the borough from Manhattan,” he added.

JLL represented Glacier Global Partners in the deal.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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