search

The Real Deal Logo

Trending

Macerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87M
New York

Macklowe, Principal add Trade Desk to 386 Park Avenue South

Digital advertising startup signs for more than 13,000 square feet

From left: William Macklowe, 386 Park Avenue South and the Trade Desk
From left: William Macklowe, 386 Park Avenue South and the Trade Desk

William Macklowe Company and Principal Real Estate Investors agreed to lease more than 13,000 square feet at 386 Park Avenue South to California-based advertising technology firm the Trade Desk.

Asking rents at the property range from $57 per square foot to $75 per square foot. The Trade Desk, which assists marketers in buying advertising from exchanges, has been subleasing a 5,458-squae-foot space at 12 West 27th Street.

Sign Up for the undefined Newsletter

Cushman & Wakefield broker Paige Engeldrum is representing the Trade Desk in the sublease deal, while Kevin Daly of Rudin Management is aiding in the 386 Park Avenue South deal. CBRE brokers Ross Zimbalist, Paul Amrich and David Young represented Macklowe and Principal.

Another tech company, NewsCred, inked a deal there for over 13,000 square feet in December, as previously reported. [NYP, 2nd] — Mark Maurer

Tags
Billy MackloweCushman & WakefieldRudin Management