The digital advertising provider Videology Inc. signed a 10-year, 16,000-square-foot lease at 1500 Broadway, also known as Times Square Plaza.
Jones Lang LaSalle‘s Jim Wenk and Rhett Miller represented the tenant. CBRE‘s Paul Amrich, Patrice Meagher and Daniel Bodner represented the landlord, Zapco 1500 Investment LP.
The company will relocate to the fourth floor from the 11th floor of the Class A, 501,429-square-foot building. Fellow tenants include Disney and ABC, Hewitt Associates and About.com.
Videology was nearing the expiration of its current lease. “Company executives preferred to remain at Times Square Plaza as the building was an ideal location for its employees, clients and investors,” Mr. Wenk said in a prepared statement. “We were able to find the right space for Videology on the fourth floor of 1500 Broadway and worked with the owner to ensure the tenant’s new offices were custom-built for the needs of the firm.”
Representatives from JLL and CBRE could not be reached for further comment.