Job site Indeed takes 50K sf at Avenue of the Americas Plaza

TRD New York /
Jun.June 06, 2013 08:30 AM

Job listings company Indeed has taken just under 50,000 square feet of space at Midtown’s Avenue of The Americas Plaza, according to data from commercial real estate information company CompStak.

Indeed — which eclipsed Monster as the top job search site in 2010 and currently has over 100 million unique visitors, according to comScore — signed a three-year sublease deal for the entire ninth and 10th floors at the 23-story, 587,666-square-foot office building, located at 125 West 55th Street. Rents paid were in the mid-$40s, according to CompStak. Indeed leased the space from global investment bank Macquarie Group.

Cushman & Wakefield’s Josh Kuriloff and Robert Tanzmann, who represented Macquarie in the deal, were not immediately available for comment, nor were representatives from Indeed and Macquarie.

In April, a partnership between Boston Properties, Dubai-based private equity firm Meraas Capital and Goldman Sachs’ U.S. Real Estate Opportunities Fund (which invests on behalf of the sovereign wealth funds of Kuwait and Qatar) sold the property to JPMorgan Asset Management for $470 million.

The deal is one of the year’s largest closed subleases, with Morgan Stanley’s 148,421-square-foot deal at Vornado Realty Trust’s 1290 Avenue of the Americas leading the pack, as The Real Deal reported.


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