The Real Deal New York

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

Yext would take 145K sf
December 14, 2018 05:05PM

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