The newish office building at 1 St. Mark's Place is no longer empty

Sephora now has some upstairs neighbors, as the building at 1 St. Mark's Place has secured its first office tenants. 

According to a report in The Real Deal, two firms have signed 10-year leases totaling more than 16,000 square feet in the nine-story office property developed by Real Estate Equities Corporation (REEC). 

An investment firm leased 9,500 square feet across the sixth and seventh floors, while a technology-focused investment firm took 6,800 square feet on the eighth and ninth floors. The tenants were not identified. 

The leasing activity marks a milestone for the roughly 60,000-square-foot building on the NE corner of Third Avenue and St. Mark's Place. The project, developed by Brandon Miller's REEC, has had a complicated path — including financial challenges before and after the pandemic, as well as a lender-backed refinancing. Miller reportedly took his own life in the summer of 2024. 

Sephora, the first (and only?) retail tenant, opened a 7,800-square-foot store on the ground floor last month