Lease Beat

LivePerson Gets Real Live at 475 Tenth Avenue

LivePerson, a publicly-traded tech firm that offers cloud computing and “intelligent engagement” solutions, has signed a lease to double its space at 475 Tenth Avenue, The New York Post reported today.

liveperson LivePerson Gets Real Live at 475 Tenth Avenue

A view of LivePerson's office space (from liveperson.com)

The company will  be taking an additional 18,500 square feet in the Penn Plaza building, where it will occupy the third floor in its 8-year lease . That space was previously leased by Gwathmey Siegel & Associates Architects, which has relocated to 525 Broadway. 

The firm already leases a 18,500 square foot space on the fifth floor of the building. 

Asking rent for the third-floor space was $35-a-square foot. 

Michael Kaufman and Grant Greenspan represented LivePerson in the deal. Kristin Fisher of the Adler Group represented ownership, which is listed as 530 Adler Realty RL, LLC, according to CoStar data.

The 14-story, nearly 260,000 square foot 475 Tenth Aveneue has a mix of fashion and architectural tenants, including Donna Karan Home, Isaac Mizrahi International Ltd., and Richard Meier & Partners Architects.

LivePerson will be announcing its second quarter financial results at the end of trading later today. The company is publicly traded on the Nasdaq as LPSN (its stock price is currently $18.57).

On its website, the company prides itself for doing away with “physical barriers and private offices” for all of its locations. LivePerson has no cubicles, private offices, or “stale conference rooms,” according to its website.

LivePerson has offices in Tel Aviv, London, France, San Francisco and Atlanta.

drosen@observer.com