Tech firm in talks to take office portion of Aurora, Vornado’s Meatpacking District development

Yext would take 145K sf

New York /
Dec.December 14, 2018 05:05 PM

61 Ninth Avenue

Yext, an online brand management company, is in talks to take over the entire office portion of Aurora Capital Associates and Vornado Realty Trust’s 61 Ninth Avenue — the space formerly eyed for Aetna’s global headquarters.

The tech company is looking to sublease 145,000 square feet from Aetna at the Meatpacking District building, Crain’s reported. Last year, Aetna had agreed to lease the office portion of the building, where the asking rents were $150 per square foot. Plans to move the insurance giant’s headquarters from Connecticut, however, were ultimately scrapped when CVS announced that it would acquire Aetna for $69 billion.

Aetna was slated to receive $34 million in city and state incentives for the relocation. In April 2016, Starbucks inked a lease to take the 20,000 square feet of retail space in the building. Yext currently has office space at 1 Madison Avenue. [Crain’s]Kathryn Brenzel


Related Articles

arrow_forward_ios
Sonder CEO Francis Davidson and 130 Duane Street (Sonder, Google Maps)
Premier Equities buys Tribeca hotel, inks Sonder to lease
Premier Equities buys Tribeca hotel, inks Sonder to lease
Private investment funds targeting real estate had about $356 billion in cash reserves in April. (iStock)
Pension funds, private equity splurge on real estate
Pension funds, private equity splurge on real estate
1959 Jerome Avenue, 133-33 Brookville Boulevard and 407 Park Avenue. (Google Maps)
Office deals top last week’s mid-market i-sales
Office deals top last week’s mid-market i-sales
Marc Ganzi (Photo by Sonya Revell)
How Marc Ganzi bet Colony Capital’s future on the next-gen economy
How Marc Ganzi bet Colony Capital’s future on the next-gen economy
(Moinian Group, CVS)
CVS signs lease for 512 7th Avenue store
CVS signs lease for 512 7th Avenue store
U.S. President Joe Biden removes his mask before speaking about updated CDC mask guidance. (Getty)
In CDC we trust: Mask guidance prompts changes
In CDC we trust: Mask guidance prompts changes
Major real estate stocks ended in negative territory this week. (Getty)
Real estate stocks, markets jittery over inflation
Real estate stocks, markets jittery over inflation
Joseph Chetrit with 427 and 459 (left) Broadway (Getty, Beyond My Ken/Wikimedia)
Chetrit Group falls behind on Soho portfolio mortgage
Chetrit Group falls behind on Soho portfolio mortgage
arrow_forward_ios

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

Loading...