GFP Real Estate, LLC is pleased to announce that David Energy (d.b.a. David Energy Systems, Inc.), a technology-driven retail electricity provider (REP) on a mission to run the power grid on 100% clean energy, has signed a four-year lease for 7,995 square feet on the fifth floor of 200 Varick St. in Hudson Square.
Robert Silver, Brittany Silver and Anthony Sciacca of Newmark, and Jeffrey Gural and Rhonda Singer of GFP Real Estate represented the landlord, 200 Varick Street DE LHC LLC, in the transaction; Allen Gurevich of GFP Real Estate represented the tenant, David Energy.
David Energy, which relocated from 417 Grand St. in Brooklyn, will use the space for its general, executive and administrative offices. The rapidly expanding company, which just announced a $23M funding round in September 2024, moved into their new offices in August 2024. The space was previously occupied by Ben Group, Inc.
“David Energy has experienced rapid growth since it started in 2019, having completed several successful rounds of funding in recent years,” said Rhonda Singer of GFP Real Estate. “Relocating from Brooklyn, the company wanted a prime Manhattan office address with a certain cool factor that reflected their values and culture.”
Built in 1927 and designed by architect Frank S. Parker, 200 Varick St. is a 12-story, 490,000-square-foot office building located in the heart of Hudson Square. The property features oversized windows with four exposures; new mechanicals; and brand-new elevators that boast a state-of-the-art lobby boost system, increasing efficiency and reducing wait times.
In 2022, GFP Real Estate completed a full renovation of the building’s lobby and entrance, and several common corridors, to create a modern, state-of-the-art experience that includes a large “living” green wall. Major tenants at the building include Film Forum, AHRC New York City, Reservoir Media, Omnicom Group, and Neufeld Scheck Brustin Hoffmann & Freudenberger, LLP, among others. 200 Varick St. offers convenient access to the 1 train, located at the building’s doorstep, as well as the C and E trains on nearby Spring Street.
About GFP Real Estate, LLC
Committed to building a better New York since 1952, GFP Real Estate is a vertically integrated owner, operator, property manager and developer of commercial real estate in the New York metropolitan area. With over 57 buildings and more than 13.8 million square feet under ownership, GFPRE’s portfolio includes some of New York’s most iconic real estate assets.
