Pinterest is opening its first New York City office at 475 Fifth Avenue.
The photo sharing website and app inked a lease at TIAA-CREF’s office building for 32,000 square feet, the New York Post reported. The company — which has its headquarters in San Francisco — will take up the entire fourth and fifth floors of the recently renovated 23-story property. Asking rents in the building range from $80 to $100 per square foot, the newspaper reported.
CBRE’s Sacha Zarba represented Pinterest. JLL’s Frank Doyle, Doug Neye and Cynthia Wasserberger represented the landlord.
Publishing company Penske Media Corporation inked a lease for 56,000 square feet at the building in January. Japanese company Muji has rented the retail space on the ground floor.