Mashable’s move to 40,000 square feet at the historic 114 Fifth Avenue is likely just the first of many tech sector transactions that we will see in the coming months at the 20-story, redeveloped Silicon Alley tower.
IBM’s fledgling Watson Group business unit has agreed to anchor the trophy boutique 51 Astor Place office tower in a deal that has important implications for the Silicon Alley/Midtown South submarket generally.
In Midtown South, the digital advertising firm NewsCred has leased a full 6th-floor pre-built office space at 386 Park Avenue South for an 8-year term in the low $50s per square foot.
After moving into New York City at the end of 2012, the 3D printer Shapeways is already expanding, doubling its offices at 419 Park Avenue South in the red-hot Midtown South submarket.
BuzzFeed is doubling its office footprint in Midtown South by subleasing nearly 58,000 square feet from Tiffany at the LEED for Core and Shell Gold-certified 200 Fifth Avenue.
While observers have touted Midtown South’s emerging “Silicon Alley” as the place to be for technology tenants, four home-grown NYC start-ups have quietly collected 110,000 square feet at this historic, George Post-designed property at Prince Street.