Lease Beat

ComiXology Expands in Gotham City With Lightning Speed

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ComiXology seems to be growing with the speed of The Flash as it expands its footprint across Gotham City with another space upgrade and relocation to 512 Seventh Avenue.

The 7-year lease for the 21,945-square-foot office, between 37th and 38th Streets, is the third lease the company has signed in the city – since it was founded in 2007 – as it accommodates for continued growth.

“They are growing very rapidly and have a terrific app that is really just controlling the market,” said Michael Okun, a senior managing director at Coldwell Banker Commercial Alliance, who represented the tenant in all three leases, noting that asking rents at the new space were in the mid-$40s per square foot prior to negotiations. Read More

Lease of the Week

Re-inVenting the Meatpacking District

450 West 15th Street. (Courtesy Property Shark)

inVentiv Health, a multifaceted provider of services in the health care industry, has signed a 75,000-square-foot renewal and expansion for its subsidiary Chandler Chicco Agency at 450 West 15th Street.

The company, which handles public relations and advertising for health care companies, renewed its lease for the 300,000-square-foot building’s entire seventh floor and a portion of six. The firm will expand onto part of the building’s fourth floor, taking a little over 21,000 square feet. Read More