Kobalt Music Group has opted to maintain a presence in the Meatpacking District by renewing its lease at 2 Gansevoort St. This decision comes after Kobalt previously subleased all of its office space in the nine-story building. According to an anonymous source familiar with the deal, Kobalt signed a new, 10-year lease for a smaller footprint of 10,000 square feet. The asking rent for this space was $115 per square foot.
Kobalt Music Reduces Footprint at 2 Gansevoort in New, 10-Year Deal
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