Tech deals seem to be flowing in Chelsea.<\/p>\n
Electronic payment processing platform Flowglad<\/a><\/b> signed a two-year, 2,468-square-foot lease at 220 West 19th Street<\/b>, which is owned by Red Circle NY<\/a><\/b> and known as the headquarters of Italian fashion company Only the Brave Group<\/a><\/b>, according to landlord broker Avison Young<\/a><\/b>.<\/p>\n SEE ALSO: California to Florida: Quantum Computing Moves HQ to Boca in 25K-SF Lease<\/a><\/p>\n Asking rent in the property is $69 per square foot, according to Avison Young.<\/p>\n \u201cAt 220 West 19th Street, tenants get a top-tier space in a great building, which has become more important than ever as employers bring their employees back to the office,\u201d Avison Young\u2019s Michael Gottlieb<\/b>, who represented the landlord alongside Joel Wechsler<\/b> and Patrick Steffens<\/b>, said in a statement. \u201cWith two additional floors becoming available in Q1 2026, we anticipate seeing heightened interest from companies looking to plant their flag in the Chelsea submarket.\u201d<\/p>\n Newmark<\/a><\/b>\u2019s Stephen Cisarik<\/b> and Joshua Berg<\/b> negotiated the deal on behalf of the tenant, but the firm did not immediately respond to a request for comment.<\/p>\n This will be Flowglad\u2019s first New York City office.<\/p>\n Some of the building\u2019s occupants are affiliate brands of landlord Red Circle, such as fashion brand Diesel<\/b>, which occupies three floors, and luxury fashion brands Maison Margiela<\/b>, Jil Sander<\/b> and Marni<\/b>.<\/p>\n Tenants in the 12-story building between Seventh and Eighth avenues include The Corcoran Group<\/b>, which signed a lease for 9,200 square feet in April 2024<\/a>. Coworking firm Knotel<\/b> occupied 37,868 square feet before it filed for bankruptcy in 2021, leading to its exodus from the New York City market.<\/p>\n