Adaptive Security Takes 51,220 SF Sublease at 120 Broadway in Lower Manhattan

Adaptive Security has signed a 51,220-square-foot office sublease at 120 Broadway in Manhattan’s Financial District, adding a notable office transaction in Lower Manhattan. According to REBusiness Online, the AI-powered cybersecurity company is taking space that had previously been leased to BarkBox.

The deal places Adaptive Security in a Financial District office property at 120 Broadway, with the transaction structured as a sublease rather than a direct lease with the building owner. The source report identified the prior tenant for the space and the brokerage teams involved, but it did not disclose the building owner or any financial terms.

Key Details

Adaptive Security is the subtenant in the transaction. The company leased 51,220 square feet at 120 Broadway in Lower Manhattan’s Financial District.

The space was formerly leased to BarkBox, which the source identified as an e-commerce firm in the pet products industry. In the negotiations, Savills represented the subtenant, Adaptive Security. The Savills team included Zev Holzman, Christopher Foerch, Will Demuth and Riley Scanlon.

CBRE represented the sublandlord, with Ross Zimbalest handling that assignment.

The source did not disclose the identity of the building owner. It also did not provide financial terms, including rent, concessions or the length of the sublease. No timeline beyond the announcement of the signed sublease was reported.

Because the transaction is a sublease, the agreement reflects occupancy being transferred through an existing lease position rather than through a newly disclosed direct lease with ownership. That distinction can matter for brokers, landlords and tenants tracking how office users are securing space in established downtown buildings.

Why It Matters

For commercial real estate professionals, this transaction is a reminder that subleases remain an important part of office market activity, particularly in major business districts such as Lower Manhattan. Even when public details are limited, deals like this can signal how companies are finding ways to secure sizable blocks of space through existing lease structures.

The transaction is also notable because it involves an AI-powered cybersecurity company taking a substantial office footprint in the Financial District. For market watchers, that underscores continued leasing activity by technology-oriented occupiers, while also highlighting the role brokerage teams play in matching users with available space in large office properties.

Although the report did not include economics or additional building information, the size of the sublease and the location at 120 Broadway make it a transaction worth noting for anyone following Manhattan office leasing.