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	<title>The Commercial Observer &#187; Growing Digital Firm Alloy Digital Relocates to 498 Seventh Avenue </title>
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		<title>The Commercial Observer &#187; Growing Digital Firm Alloy Digital Relocates to 498 Seventh Avenue </title>
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		<title>Growing Digital Firm Alloy Digital Relocates to 498 Seventh Avenue</title>

		<comments>http://commercialobserver.com/2013/03/growing-digital-firm-alloy-digital-relocates-to-498-seventh-avenue/#comments</comments>
		<pubDate>Tue, 12 Mar 2013 07:30:13 -0400</pubDate>
					<link>http://commercialobserver.com/2013/03/growing-digital-firm-alloy-digital-relocates-to-498-seventh-avenue/</link>
			<dc:creator>Al Barbarino</dc:creator>
				
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		<description><![CDATA[<p><strong>Alloy Digital</strong> has signed a six-year, 29,416-square-foot sublease with <strong>Liquidnet Holdings Inc.</strong> at <strong>498 Seventh Avenue</strong> in Times Square South, <em>The Commercial Observer</em> has learned.</p>
<p>The expanding digital media firm will occupy the entire 19th floor in the 880,000-square-foot, Class A building owned by <strong>George Comfort &amp; Sons Inc.</strong> and located between West 36th and West 37th streets.  The firm is relocating from <strong>151 West 26th Street</strong> in West Chelsea.</p>
<p>“Alloy Digital is one the many tech firms that have relocated to the submarket from Chelsea Market, and other areas of the city,” said <strong>Jones Lang LaSalle</strong>’s <strong>Alexander Chudnoff</strong>, who represented Alloy Digital with <strong>Dan Turkewitz</strong>.</p>
<p><!--more--></p>
<p><div id="attachment_248318" class="wp-caption alignright" style="width: 297px"><a href="http://nyocommercialobserver.files.wordpress.com/2013/03/mqdefault.jpg"><img class="size-full wp-image-248318" alt="All Digital's offerings include Smosh, hosted by Ian Hecox and Anthony Padilla" src="http://nyocommercialobserver.files.wordpress.com/2013/03/mqdefault.jpg" width="287" height="111" /></a><p class="wp-caption-text">All Digital's offerings include Smosh, hosted by Ian Hecox and Anthony Padilla</p></div></p>
<p>As part of the negotiations, the sublandlord agreed to redevelop the space to the needs of Alloy Digital, a content development, production and talent management firm that owns digital, Internet-based networks, including <strong>Smosh</strong>, a teen and young adult comedy program hosted by  <b>Ian Hecox</b> and <b>Anthony Padilla</b>.</p>
<p>“Although its new offices are roughly the same size as its previous location in terms of square footage, the digital media firm will be able to take great advantage of the greater efficiencies provided by 498 Seventh Avenue and consolidate its staff onto a single floor,” Mr. Chudnoff said.</p>
<p>Alloy Digital announced last week that it received a $30 million investment from <strong>ABS Capital Partners</strong> that it said would help boost further growth.</p>
<p>“Alloy Digital made an extremely attractive investment opportunity,” said <strong>Deric Emry</strong>, general partner at ABS Capital, in a statement last week.  “It is at the forefront of the shift in content consumption to digital media.”</p>
<p>The financing follows an “aggressive acquisition spree” by Alloy Digital that since July 2011 led its owned-and-operated channels to the top of <strong>YouTube</strong> in total subscribers with over 12 million, the firm said.</p>
<p>Since July 2011, Alloy Digital acquired five digital content creators, including Smosh; <strong>Generate</strong>, a next generation studio and talent management company; <strong>B5 Media</strong>, a digital publisher of women's lifestyle content; <strong>Clevver Media</strong>, an entertainment news provider on YouTube; and <strong>The Escapist</strong>, a video game program geared towards the digital generation.</p>
<p>The sublandlord in the lease, <strong>Liquidnet Holdings</strong>, was represented by <strong>Howard Fiddle</strong> and <strong>Joe Mangiacotti</strong> at <strong>CBRE</strong>.</p>
]]></description>
		<content:encoded><![CDATA[<p><strong>Alloy Digital</strong> has signed a six-year, 29,416-square-foot sublease with <strong>Liquidnet Holdings Inc.</strong> at <strong>498 Seventh Avenue</strong> in Times Square South, <em>The Commercial Observer</em> has learned.</p>
<p>The expanding digital media firm will occupy the entire 19th floor in the 880,000-square-foot, Class A building owned by <strong>George Comfort &amp; Sons Inc.</strong> and located between West 36th and West 37th streets.  The firm is relocating from <strong>151 West 26th Street</strong> in West Chelsea.</p>
<p>“Alloy Digital is one the many tech firms that have relocated to the submarket from Chelsea Market, and other areas of the city,” said <strong>Jones Lang LaSalle</strong>’s <strong>Alexander Chudnoff</strong>, who represented Alloy Digital with <strong>Dan Turkewitz</strong>.</p>
<p><!--more--></p>
<p><div id="attachment_248318" class="wp-caption alignright" style="width: 297px"><a href="http://nyocommercialobserver.files.wordpress.com/2013/03/mqdefault.jpg"><img class="size-full wp-image-248318" alt="All Digital's offerings include Smosh, hosted by Ian Hecox and Anthony Padilla" src="http://nyocommercialobserver.files.wordpress.com/2013/03/mqdefault.jpg" width="287" height="111" /></a><p class="wp-caption-text">All Digital's offerings include Smosh, hosted by Ian Hecox and Anthony Padilla</p></div></p>
<p>As part of the negotiations, the sublandlord agreed to redevelop the space to the needs of Alloy Digital, a content development, production and talent management firm that owns digital, Internet-based networks, including <strong>Smosh</strong>, a teen and young adult comedy program hosted by  <b>Ian Hecox</b> and <b>Anthony Padilla</b>.</p>
<p>“Although its new offices are roughly the same size as its previous location in terms of square footage, the digital media firm will be able to take great advantage of the greater efficiencies provided by 498 Seventh Avenue and consolidate its staff onto a single floor,” Mr. Chudnoff said.</p>
<p>Alloy Digital announced last week that it received a $30 million investment from <strong>ABS Capital Partners</strong> that it said would help boost further growth.</p>
<p>“Alloy Digital made an extremely attractive investment opportunity,” said <strong>Deric Emry</strong>, general partner at ABS Capital, in a statement last week.  “It is at the forefront of the shift in content consumption to digital media.”</p>
<p>The financing follows an “aggressive acquisition spree” by Alloy Digital that since July 2011 led its owned-and-operated channels to the top of <strong>YouTube</strong> in total subscribers with over 12 million, the firm said.</p>
<p>Since July 2011, Alloy Digital acquired five digital content creators, including Smosh; <strong>Generate</strong>, a next generation studio and talent management company; <strong>B5 Media</strong>, a digital publisher of women's lifestyle content; <strong>Clevver Media</strong>, an entertainment news provider on YouTube; and <strong>The Escapist</strong>, a video game program geared towards the digital generation.</p>
<p>The sublandlord in the lease, <strong>Liquidnet Holdings</strong>, was represented by <strong>Howard Fiddle</strong> and <strong>Joe Mangiacotti</strong> at <strong>CBRE</strong>.</p>
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