10gen will head to former NYT building

New York /
Dec.December 11, 2012 04:00 PM

Tech firm 10gen has inked a five-year lease for about 29,400 square feet inside the former New York Times building at 229 West 43rd Street, Crain’s reported. The corporation database developer is leaving its current, less spacious Soho office for more than double the space uptown. 10gen is planning an April move.

As previously reported, Blackstone Group was on the hunt for a tenant for the top 12 floors of the 18-story property. Blackstone even spent $105 million on upgrades to the nearly 480,000-square-foot space and added ping-pong tables and a basketball court to attract tech tenants.

10gen had reportedly wanted to find a lease in Soho or Midtown South, but due to the lack of available space, the firm had to look elsewhere.

Asking rent was not disclosed, but brokers told Crain’s in June that rent in the building was between $70 and $80 per square foot.

Greg Taubin and Gabe Marans of Studley represented 10gen; Equity Office, a Blackstone affiliate, was represented in-house by Adam Goldenberg and Josh Glick.

10gen has the option to expand into the rest of the 30,000 square feet on their eighth floor space during the lease. [Crain’s] — Zachary Kussin


Related Articles

arrow_forward_ios
Photo illustration of Blackstone's Jon Gray and Starwood's Barry Sternlicht (Blackstone/YouTube, Getty; Illustration by Kevin Rebong for The Real Deal)
Commercial property fund withdrawals surge
Commercial property fund withdrawals surge
A photo illustration of Blackstone president Jon Gray (Getty, Blackstone)
Asian investor selloff led to Blackstone raising the gates
Asian investor selloff led to Blackstone raising the gates
Blackstone's Jon Gray (Blackstone, Getty)
Blackstone limits REIT withdrawals
Blackstone limits REIT withdrawals
Blackstone's Stephen Schwarzman with MGM Grand Las Vegas and Mandalay Bay in Las Vegas (Getty)
Blackstone sells MGM Grand, Mandalay Bay stakes
Blackstone sells MGM Grand, Mandalay Bay stakes
Empire Capital Holdings' Josh Rahmani, Hakimian Capital's Michael Hakimian, RXR's Scott Rechler and 1330 6th Avenue (Getty, Hakimian Capital, Empire Capital Holdings, 1330aofa.com)
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
A photo illustration of Blackstone president Jon Gray (Getty, Blackstone)
Blackstone’s REIT cools off after acquisition flurry
Blackstone’s REIT cools off after acquisition flurry
Blackstone's Stephen Schwarzman and Jonathan Gray (Illustration by Kevin Cifuentes for The Real Deal with Getty Images)
Blackstone’s quarterly profit drops to near zero
Blackstone’s quarterly profit drops to near zero
Blackstone's Stephen Schwarzman and 8 Spruce Street (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Twitter/AAsArchitecture)
Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...