Lease Beat

Smartling Signs Lease at Savanna’s 1375 Broadway

Smartling, Inc. has signed a new lease for the entire 22,204-square-foot 14th floor at Savanna‘s 1375 BroadwayThe Commercial Observer  has learned. 

The lease rounds out an active year of leasing at the 508,000-square-foot Midtown property, where Savanna has leased all of the available full-floor vacancies–close to 90,000 square feet–in the past six months. The landlord, a real estate private equity firm, completed a capital improvement plan at 1375 Broadway in 2012, including a fully renovated lobby and restored façade. 

Courtesy of Savanna

Courtesy of Savanna

“We are excited to welcome Smartling to 1375 Broadway,” said Cooper Kramer, vice president at Savanna, in a prepared statement. “Savanna’s renovations have transformed the building into a leading destination for tenants who are seeking a price alternative to both Midtown and Midtown South. We have seen strong interest from tenants attracted to 1375 Broadway due to its pre-war façade, modern lobby and prime location near numerous transportation options.”

Smartling, a cloud-based translation management company, currently operates its New York office from 475 Park Avenue South. Founded in 2009, the company received $24 million in Series C funding in October, according to CrunchBase. Smartling’s client roster includes Foursquare, GoPro, Fandango, Nokia and Spotify

Marty Meyer and Eric Meyer of Colliers International represented the landlord in the lease. Eric Ferriello and Robert Tunis, also of Colliers, represented Smartling.  

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