Ebay In Talks For 36,000 Square Feet On Sixth Avenue
Daniel Geiger March 14, 2012, 5:11 p.m.
Ebay is in advanced negotiations to take about 36,000 square feet at 625 Avenue of the Americas, sources have revealed to The Commercial Observer.
The online auction and shopping site will lease the 160,000-square-foot building’s entire third floor, which has asking rents around $50 per square foot.
The deal, which isn’t yet finished, would be the latest by a technology tenant in the booming Midtown South office district.
In November last year, Infor, a software company, signed a deal for about 43,000 square feet at nearby 641 Avenue of the Americas.
Last month Knewton, a company that develops sophisticated online based education programs, leased 16,000 square feet at 100-104 Fifth Avenue, a building near Union Square that is owned by the Kaufman Organization.
Other high profile names in the tech sector like Tumblr and ZocDoc meanwhile have been rumored to be shopping around for space in the area. Tumblr, the popular blog platform, had been considering a lease at 625 Avenue of the Americas in recent months, sources told The Commercial Observer, before taking its search elsewhere in Midtown South, a neighborhood it is said to strongly prefer over other areas of the city like Midtown and Downtown.
The 625 Avenue of the Americas building is owned by Chelsea Green Associates and is leased by a team from the real estate services firm Cushman & Wakefield. Neither brokers nor executives at Chelsea Green could be reached by press time.
An email to Ebay’s opaque media relations portal firstname.lastname@example.org predictably also wasn’t returned by press time.