Sailthru, the developers of an email marketing platform, will be moving into its own 17,775 square foot office at 10 Hudson Square, The Commercial Observer has learned.
The company will be moving out of its current offices at 670 Broadway, the same building where AOL Ventures (an investor in Sailthru) is headquartered.
Jack Petrie and Jamie Addeo, both of CresaPartners, represented Sailthru in the deal. Charles Laginestra and Marc Packman of Trinity Real Estate, the owners of 10 Hudson Square, represented the company in-house.
The lease is for 5 years. The rent will be $50-a-square-foot.
The company will be taking a part of the 12th floor in this deal.
Sailthru is believed to be citing a growing headcount and other factors behind its reasoning for the move. The company, which currently employs 50 people, is projected to grow to 80 people by the end of the year. By 2013, that number is projected to grow to 120 people.
“The space fit their immediate need and allowed for significant growth because they are a rapidly growing company,” said Ms. Addeo.
For disclosure: The Commercial Observer is a client of Sailthru’s and uses the service for its email newsletters.
A spokesperson for SailThru could not be reached. Mr. Laginestra and Mr. Packman did not immediately respond to emails and phone calls requesting comment.
Last September, SailThru announced it had raised $8 million in financing, led by RRE Ventures, a venture capital company. Other companies that contributed to that round of financing include AOL Ventures, DFJ Gotham Ventures, Hatteras Funds, and Thrive Capital.