Twitter re-ups 215K sf lease in Chelsea

The social media giant extends lease at Columbia Property Trust's 249 West 17th St.

New York /
Nov.November 07, 2018 08:25 AM

249 West 17th Street and Twitter CEO Jack Dorsey (Credit: Google Maps and Getty Images)

Twitter will remain at its Chelsea headquarters for an additional five years, after renewing its lease to 2030.

The social media giant, which currently takes up 215,000 square feet at 249 West 17th Street, is extending its initial 11-year lease that was due to expire in 2025, according to Commercial Observer.

The company first moved into a 149,000-square-foot space at the building in 2014, when it was owned by Savannah Partners.  After being sold to New York REIT for $335 million that same year, the property was sold again last year to Columbia Property Trust.

The purchase, made alongside 218-220 West 18th Street, was part of a $515 million package sale as New York REIT liquidated.

Since expanding its footprint at 249 West 17th Street, Twitter has sublet sections of the building to Lyft, Netflix and Major League Baseball. [CO] — David Jeans


Related Articles

arrow_forward_ios
Brookfield's Bruce Flatt with 1100 Newark Turnpike (Loopnet, Brookfield)
Brookfield buys CSX industrial site in Northern New Jersey for $67M
Brookfield buys CSX industrial site in Northern New Jersey for $67M
198 Scholes Street, 65 Kent Avenue, 506 DeKalb Avenue and 11 Gunther Place (Illustration by the Real Deal with Getty, Google Maps)
Avi Philipson deal to acquire All Year portfolio is back on
Avi Philipson deal to acquire All Year portfolio is back on
From left: McSam Hotel Group's Sam Chang and SL Green's Marc Holliday with 711 Seventh Avenue  (Getty, Google Mpas, SL Green)
Times Square hotel developer sues neighbors over delayed demolition
Times Square hotel developer sues neighbors over delayed demolition
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
Illustration of Stefan Soloviev (HaydenSoloviev, CC BY-SA 4.0, via Wikimedia Commons, Getty)
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Soloviev bets long-dormant Midtown East site in casino sweepstakes
CHIP's Jay Martin and HCR Commissioner RuthAnne Visnauskas (Getty)
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
PulteGroup's Ryan R. Marshall and RedFin's Glenn Kelman (PulteGroup, RedFin, Getty)
Wall Street is bidding up housing stocks again
Wall Street is bidding up housing stocks again
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...