The Real Deal New York

Indeed taking 125K sf at Edison’s 1120 Sixth Avenue

Online job site more than doubling from current space at 125 West 55th Street

November 09, 2015 12:30PM

1120 Sixth Avenue

1120 Sixth Avenue in Midtown

Online job search engine Indeed is moving to Edison Properties’ Hippodrome Building in Midtown, where it is taking around 125,000 square feet of office space, the company announced Monday.

The move to the Hippodrome, located at 1120 Sixth Avenue between West 43rd and West 44th streets, more than doubles Indeed’s current 55,000-square-foot space at 125 West 55th Street, also in Midtown. The company’s lease on the new space, which comprises five floors in the 21-story building, will start in January.

Indeed’s New York office has more than doubled in recent years, the company said, growing to 250 employees currently from 116 in 2012. The new space at the 1120 Sixth Avenue has room to accommodate over 700 employees, Indeed said.

JLL’s Lisa Kiell represented Indeed, while a team at Cushman & Wakefield led by Michael Burgio handled the deal on behalf of Edison.

Israel’s biggest lender, Bank Hapoalim, is moving to 40,000 square feet at 1120 Sixth Avenue, The Real Deal reported last week.

The building’s owner, Newark-based Edison Properties, has acquired a number of Manhattan commercial properties in recent months – including five former Ring portfolio buildings from Gary Barnett’s Extell Development – as it reinvests the proceeds from the sale of a large Chelsea development site to HFZ Capital. – Rey Mashayekhi