That JIBEs With the Market: Start-Up’s Lease
JIBE, an online venture that integrates Facebook and LinkedIn with a job board, has joined the ranks of Internet start-ups that have recently taken brick-and-mortar space in Manhattan. The technology company, which until now had been operating out of a shared-space facility at 902 Broadway, will occupy a portion of the fifth floor at 26 West 17th Street, brokers said.
The 2,664-square-foot lease was located by Studley’s Jason Schwartzenberg, who represented the tenant in the transaction. Robert Fink of the Winter Organization negotiated the lease in-house for Winter, the building’s owner.
“The space was originally being marketed as a one-year sublet,” Mr. Schwartzenberg said. “After negotiations, we were able to arrange for the tenant to do a direct three-year deal lease with the landlord.”
Of JIBE, Mr. Schwartzenberg added: “JIBE was very specific about its requirements. The first was that the space had to be in the Union Square submarket, and the second was that the space had to be in move-in condition. I am pleased that we were able to satisfy both.”