MongoDB relocating to 100K sf at Paramount’s 1633 Broadway

Database startup recently launched IPO

Nov.November 20, 2017 06:27 PM

Albert Behler and 1633 Broadway

Open-source database startup MongoDB, which has a market capitalization of roughly $1.4 billion following an October IPO, is planning on relocating its Midtown offices to Paramount Group’s 1633 Broadway, sources told The Real Deal.

The tech company has a lease out for a little more than 106,000 square feet on the 37th and 38th floors of the 48-story tower with options for expansion space, sources told TRD.

Representatives for MongoDB and Paramount were not immediately available for comment.

MongoDB is currently headquartered nearby at the former New York Times building at 229 West 43rd Street, where it’s occupied roughly 60,000 square feet since 2013. The company’s run out of room to grow in the building owned by Columbia Property Trust, a trendy tech building that’s also home to Snapchat.

A CBRE team of Paul Amrich, Howard Fiddle, Stephen Siegel, Patrice Hayden Meagher, Emily Jones and Robert Hill are handling leasing at the 2.6 million-square-foot tower for Paramount Group. The brokers couldn’t be immediately reached for comment.

Cushman & Wakefield’s Dirk Hrobsky, Chris Helgesen, Peter Trivelas and Gary Ceder are negotiation on behalf of MongoDB. The brokers declined to comment.

Paramount’s been busy leasing space this year at the tower, inking deals for roughly 106,000 square feet with the travel company Travel Leaders and publisher Gannett for 50,000 square feet.

The Clinton Foundation in September signed a 36,000-square-foot sublease in the building with ad delivery firm Extreme Reach.

Related Articles

Judge Janet DiFiore and Judge Rowan Wilson (Credit: iStock, New York State Courts)

High court decision has tenants stewing, landlords oohing

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

LA mayor orders a moratorium on commercial evictions