Rain Brings Sunshine to Empire State Realty’s Scholastic Bet at 555-557 Broadway
Rain, a cryptocurrency and stablecoin startup, is leasing 38,034 square feet at Empire State Realty Trust’s newly acquired 555-557 Broadway, Commercial Observer has learned.
Summary
The property is known as the Scholastic Building, and the textbook publisher sold it in December as a sale-leaseback to ESRT, which made a $386 million bet on the building.
Rain, a cryptocurrency and stablecoin startup, is leasing 38,034 square feet at Empire State Realty Trust’s newly acquired 555-557 Broadway, Commercial Observer has learned. The property is known as the Scholastic Building, and the textbook publisher sold it in December as a sale-leaseback to ESRT, which made a $386 million bet on the building. 555-557 […]
Source
- Commercial Observercommercialobserver.com
