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New York

Adobe taking space at Clarion’s 100 Fifth Ave.

Yelp previously occupied office space in the property

From left: 100 Fifth Avenue and Adobe Systems CEO Shantanu Narayen
From left: 100 Fifth Avenue and Adobe Systems CEO Shantanu Narayen

Adobe Systems inked a lease for 30,644 square feet at the Clarion Building at 100-104 Fifth Avenue.

The company signed a 10-year lease for two floors at the location, according to the Wall Street Journal. Yelp previously occupied space in the building, before it moved to the Sapir Organization’s 11 Madison, as reported by The Real Deal. Apple and educational technology firm Knewton are also located in the 270,000-square-foot property, the newspaper reported.

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Adobe will consolidate multiple offices, including its space in Times Square, into the new Clarion Partners-owned location.

“Over the past few years,” Jonathan Francom, Adobe’s vice president of global workplace solutions told the newspaper, “Adobe’s New York presence has grown, in part due to several acquisitions.”

Clarion bought the building for $230 million in 2013. [WSJ, 1st] — Claire Moses

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Clarion Partners