Global Holdings has leased 25 Kent, its 500,000-square-foot office building in Williamsburg, to 72 percent occupancy by applying hospitality service standards to office design and operations.
When Global Holdings took over the building, occupancy stood at 48 percent. The firm raised that to 72 percent with remaining vacant space under lease, according to Chris Roth, Chief Operating Officer at Global Holdings.
The building houses technology, creative, AI and wellness tenants. Global Holdings operates award-winning hotels through Lore Group, including Sea Containers London, Pulitzer Amsterdam and Riggs Washington DC. The firm transfers hospitality practices into its office and residential portfolios through design, wellness, service, technology and programming.
25 Kent features outdoor access on every floor, a 12,000-square-foot rooftop terrace, a fitness and wellness center, meditation spaces, a climbing wall, rentable scooters, a 275-spot parking garage and 150-bike storage. The building includes prebuilt suites ranging from 3,000 to 11,000 square feet that tenants can upgrade as they grow, all with exclusive access to a central amenity lounge with coffee bar, pool table and conference room.
Retail tenants include Kith, Othership, Pura Vida, Glowbar and Five Iron Golf. Roth said one tenant cited air quality as a factor in signing at 25 Kent. The building has high-performance ventilation and air filtration systems.
At Nomad Tower, another Global Holdings property, the firm completed what Roth described as the first glass-only retrofit using LuxWall insulated glazing technology while tenants occupied 98 percent of the building. Utility expenses dropped by almost a third, Roth stated.