ITV Studios will be expanding its presence in Hudson Square.
ITV Studios will be taking half of the fourth floor of Centaur Properties-owned 609 Greenwich Street, adding 7,000 square feet to its presence. The firm currently operates out of the ninth floor of the building.
“The motivation was expansion,” said Nicholas Farmakis, a managing director Read More
Late last year, when the education publishing company Scholastic offered up about 60,000 square feet of sublease space at the top of the Soho office building 568 Broadway, the firm quickly found it wouldn’t be difficult to fill.
Within weeks, a host of tenants were competing for it, including several tech firms, one of the most active sectors of the leasing market in Manhattan right now. Tumblr, foursquare and AppNexus, all well-known names in the industry, moved to the front of the pack.
On the face of it, such a decision would seem easy. Of the three, only AppNexus, a firm that specializes in online advertising and is backed by the software giant Microsoft, is known to be profitable. But in a tech boom in which riches don’t always flow from the most likely sources, the deal for the space took a different turn.
The competition soon boiled down not to AppNexus but to Tumblr and foursquare, two companies that have become top brands in the new internet boom and have raised tens of millions of dollars in venture capital between them, but have yet to find income-producing platforms for their services.
The blogging site Tumblr has signed an expansion and renewal deal for its offices at 35 East 21st Street.
The company will take about 21,000 square feet in the roughly 100,000-square-foot building, doubling in size there in a lease that stretches about four years.
Tumblr is a well known brand on the web, offering a popular platform for short form blogging and picture sharing. The company has been based out of 35 East 21st Street since nearly its inception and has grown in steady increments in recent years.
The Row, the clothing and apparel company owned by Mary Kate and Ashley Olsen, is taking roughly 32,000 square feet at 609 Greenwich Street for its office and showroom space.