Twitter re-ups 215K sf lease in Chelsea

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

TRD 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
An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

Clockwise from top left: 3860 Nostrand Avenue in Brooklyn, 50 Manhattan Avenue and 250 and 254 West 23rd Street (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Jason Lee and a rendering of 517-523 West 29th Street

Developer Jason Lee accused of defrauding investors at High Line condo project

arrow_forward_ios