Analytics firm Neustar inks lease at SL Green’s 100 Park

Media firm Intersection to sublet its 23K sf space

TRD New York /
Jul.July 29, 2016 05:50 PM

Neustar, a provider of real-time information and analytics to telecom, finance and media companies, inked a lease for 23,000 square feet at SL Green Realty’s 100 Park Avenue, sources told The Real Deal.

The company, which is publicly traded on the Nasdaq, will consolidate its operations at the 36-story tower. It had previously operated out of two separate locations, Including 625 Broadway. It wasn’t immediately clear how much space it held at those two locations.

The space was subleased from Intersection, the media and technology company behind New York City initiatives such as LinkNYC, which provides free Wi-Fi.

Asking rents at the property are in the $70s per square foot, sources said.

The deal was brokered on the landlord side by father-and-son team Michael and Rocco Laginestra of CBRE TRData LogoTINY. Jim Wenk and Kirill Azovtsev of JLL represented Neustar.

Neither Neustar nor the brokers were immediately available for comment.

The building is also home to tenants such as Wells Fargo, which occupies 104,000 square feet there.

Data and analytics firms have been actively gobbling up office space in Manhattan. Analytics company RELX Group recently look more than 45,000 square feet at the Helmsley Building at 230 Park Avenue, where asking rents are in the low $80s per square foot.

Related Articles

The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

SL Green puts Daily News building up for sale

SL Green snags private-equity firm at
One Vanderbilt

SL Green’s locks in big bank lease at
Hudson Yards redevelopment site

The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

Jacob Chetrit buying Daily News building from SL Green for $815M

Marc Holliday and rendering of One Vanderbilt

Sentinel Capital Partners becomes latest firm to ink deal at One Vanderbilt

Suri Kasirer

WATCH: Suri Kasirer on the influence of her father’s Holocaust stories and lobbying hard for the Vanderbilt Corridor and Cornell Tech

Lawsuits, pop-ups and ragers: Why 60 Guilders took a $25M loss on its prized Soho retail property

Savanna picks up 521 Fifth Ave for $381M