{"id":90312,"date":"2026-01-05T21:44:17","date_gmt":"2026-01-05T21:44:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/90312\/"},"modified":"2026-01-05T21:44:17","modified_gmt":"2026-01-05T21:44:17","slug":"ai-firm-elevenlabs-takes-12k-sf-at-kpg-funds-40-crosby-street-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/90312\/","title":{"rendered":"AI Firm ElevenLabs Takes 12K SF at KPG Funds\u2019 40 Crosby Street \u2013 Commercial Observer"},"content":{"rendered":"

SoHo is getting its very own Hawkins lab<\/a>. (Hey, stranger things have happened.)<\/p>\n

ElevenLabs<\/a>, an AI audio platform, has signed a 10-year, 11,529-square-foot lease at 40 Crosby Street in Manhattan\u2019s SoHo neighborhood, according to landlord KPG Funds<\/a>. Asking rent was $120 per square foot.<\/p>\n

SEE ALSO: New York State Attorney General\u2019s Office Expands to 378K SF at 28 Liberty Street<\/a><\/p>\n

The new deal brings 40 Crosby Street \u2014 known as the Crosby \u2014 to 100 percent leased, the landlord said. Jason Majlessi from Venture Commercial<\/a> represented the tenant in the deal, while Newmark<\/a>\u2019s David Malawer represented the landlord.\u00a0<\/p>\n

The brokers did not immediately respond to requests for comment.<\/p>\n

\u201cWe are proud to announce that the Crosby is now 100 percent leased,\u201d Greg Kraut, co-founder and CEO of KPG Funds, told Commercial Observer. \u201cElevenLabs\u2019 lease at the Crosby is a testament to their continued success and ambition.<\/p>\n

\u201cWe\u2019re proud to offer them a workspace that mirrors their growth \u2014 luxurious, dynamic, and in the heart of one of New York City\u2019s most vibrant neighborhoods,\u201d Kraut added. \u201cThis move not only strengthens ElevenLabs\u2019 presence in SoHo but also reinforces the demand for premium office spaces that inspire innovation and foster success.\u201d<\/p>\n

ElevenLabs\u2019 website lists its current New York City office as 169 Madison Avenue. It\u2019s unclear when the AI firm will move locations, but it seems like the company plans to stay in its new SoHo spot for a long time, according to Majlessi.<\/p>\n

\u201cFrom the start, ElevenLabs wanted a truly unique and inspiring space that reflects the generational company they\u2019re building,\u201d Majlessi told CO. \u201cWith high-end finishes, private outdoor space, and double-height ceilings, 40 Crosby delivered and allows ElevenLabs to plant its flag in New York City for the long term.\u201d<\/p>\n

Event manager Posh<\/a> is also a tenant at 40 Crosby Street. KPG acquired the five-story building between Grand and Broome streets from Vornado Realty Trust<\/a> in 2022 for $17.1 million, property records show<\/a>.<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"SoHo is getting its very own Hawkins lab. (Hey, stranger things have happened.) ElevenLabs, an AI audio platform,…\n","protected":false},"author":2,"featured_media":90313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3624,42946,42947,42948,2361,9,11,10,42945,42949],"class_list":{"0":"post-90312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-channel","9":"tag-david-malawer","10":"tag-greg-kraut","11":"tag-jason-majlessi","12":"tag-leases","13":"tag-new-york","14":"tag-new-york-headlines","15":"tag-new-york-news","16":"tag-office-leases-40-crosby-street","17":"tag-the-crosby"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/90312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=90312"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/90312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/90313"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=90312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=90312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=90312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}