Gawker Media is relocating from its 210 Elizabeth Street headquarters to a new 59,000-square-foot space at 114 Fifth Avenue.
The media outfit, which includes verticals Gizmodo, Jezebel, Valleywag and Deadspin, inked a 15-year lease for 58,900 square feet spanning three full floors at the new digs at Fifth Avenue and West 17th Street, the New York Observer reported.
Gawker will occupy the second, third and fourth floors of the Flatiron building starting in the second quarter, according to a release from building owner L&L Holding Company cited by the newspaper. The asking rent was reportedly $78 per square foot.
“We will be moving out of the walk-up Nolita loft space that has been our home since 2008,” Gawker owner Nick Denton wrote in a staff memo obtained by the Observer.
Jared Horowitz, Jonathan Tootell, Evan Foley and Justin Pollner of Newmark Grubb Knight Frank represented Gawker in the deal, while David Berkey and Andrew Wiener represented L&L in-house. The building, which is currently over 80 percent occupied, also counts Mashable, Mastercard, advertising agency AKQA and First Look Media among its tenants. [NYO] — Julie Strickland