Etsy extends Brooklyn headquarters lease to 2039; annual rent ~$12.6M

ETSY INC

First Amendment to Lease signed Oct 7, 2021, effective Oct 1, 2021.
Original lease term extended from July 31, 2026 to July 31, 2039.
Annualized rent after concessions and allowances is approximately $12.6 million.
Tenant improvement allowance starts April 2022; escalating rent commitments from 2028 to 2038.
Property located at 117 Adams St and 55 Prospect St, Brooklyn, NY.

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