KPG Funds Announces Posh Group Inc. Signs Lease to Expand at 40 Crosby

Popular Event Management and Promotion Company Nearly Doubles Its Office Space at Class-A Office Building in SoHo

NEW YORK, April 1, 2025 /PRNewswire/ -- KPG Funds, the New York-based owner and developer of boutique Class-A office buildings, announces that the widely popular event management and promotion company POSH Group Inc. has signed a lease to significantly expand its operations at The Crosby, KPG's new luxury office building in SoHo. POSH's new lease nearly doubles its office space to 22,637 square feet, reinforcing its continued growth and commitment to maintaining its headquarters in New York.

Founded in 2020 by Avante Price, a former DJ, and Eli Taylor-Lemire, a former event photographer, POSH was created out of the founders' frustration with the limitations of traditional event management tools. United by a passion for fostering genuine human connections, Price and Taylor-Lemire launched POSH to transform the event industry and ensure that gatherings build meaningful relationships. By combining innovation with a deep understanding of human interaction, POSH has become a driving force behind events that cultivate community, spark creativity, and promote collaboration.

"POSH Group's expansion at The Crosby is a testament to their continued success and ambition. We're proud to offer them a workspace that mirrors their growth—luxurious, dynamic, and in the heart of one of New York City's most vibrant neighborhoods. This move not only strengthens POSH Group's presence in SoHo but also reinforces the demand for premium office spaces that inspire innovation and foster success," said Greg Kraut, co-founder and CEO of KPG Funds.

Located at 40 Crosby Street, The Crosby is a five-story office building comprising 70,493 square feet which includes 34,229 square feet of office space, with an additional 18,000 square feet of retail space on the ground floor. POSH currently occupies the entire fourth floor, measuring 11,201 square feet, and will now add the entire third floor, measuring 11,436 square feet, for a total of 22,637 square feet.

The Crosby offers a premier luxury workspace that redefines office environments. With its signature KPG design, high-end finishes, and abundant natural light, the building provides an unmatched experience for tenants. Featuring a variety of office spaces, it seamlessly blends function with sophistication, offering top-tier amenities, modernized features, and an ideal location for businesses seeking a dynamic and inspiring place to thrive.

With a diverse and dedicated team that shares the founders' vision, POSH is revolutionizing the event industry by ensuring that every gathering is an opportunity to build meaningful connections. With its expanded workspace at The Crosby, POSH will continue to thrive in an inspiring environment that fosters growth and creativity, enabling them to further innovate and build the connected communities they are passionate about.

About KPG

KPG Funds ("KPG") is a fully integrated real estate private equity platform with Asset Management, Project Management, Development, Design, Leasing and Property Management. With over 35 years combined experience based in NYC, KPG manages fully discretionary institutional vehicles targeting middle market value-add office investments. KPG's management team has relied on an investment philosophy and organizational structure that results in its investors uncovering special situations and getting to opportunities ahead of the market, while receiving an unmatched level of service, transparency and accountability. KPG is a privately held and management-owned SEC registered investment adviser that maintains an unwavering commitment to put its investors needs first. Additional information about KPG and a selection of current holdings and previous transactions are available at www.KPGFunds.com.

Press Contact:
Sarah Berman
392566@email4pr.com

Gregory Kraut
O: 646-665-4508
392566@email4pr.com

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SOURCE KPG Funds