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

Yext would take 145K sf

TRD 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

Amazon leases nearly 154 million square feet of warehouse space compared to the 4 million square feet it owns (Credit: iStock)

How Amazon became the leasing king of e-commerce

Aurora Capital Associattes' Jared Epstein (Credit: Getty Images and iStock)

Aurora Capital pitches free rides for Meatpacking shoppers

Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.