The Real Deal New York

PayPal inks lease at 95 Morton St. in West Village

Online money transfer compay will take up 95,000 square feet across four floors
May 13, 2015 08:30AM

PayPal is about the pay up. 

The company has inked a lease for 95,000 square feet at 95 Morton Street in the West Village.

The online money transferring website is moving out of its current location at 625 Sixth Avenue by the end of the summer when its split with eBay will be final, the New York Post reported. PayPal signed a 12-year deal.

Asking rents at the building are $80 per square foot.

Private equity firm Brickman Associates owns the West Village location, where PayPal will take up four floors, according to the newspaper.

CBRE’s Frederick Fackelmayer, Sacha Zarba, Jeff Black, Ben Friedland and Michael Hirsch represented PayPal. Paul Kotcher represented Brickman in-house. [NYP] — Claire Moses