Pixafy has signed a 10-year lease for the entire 17,320-square-foot 37th floor at SL Green (SLG)’s 810 Seventh Avenue, The Commercial Observer has learned. The company will pay rent starting in the mid-$60s per square foot, according to data from CompStak.
Pixafy relocated from 475 Park Avenue South earlier this month after a seven-month, 40-building search for new office space. It is the company’s third relocation since its founding in 2010.
“The space is beautiful and a big reason we jumped on the space when we did was it was in 100-percent move-in condition,” Uri Foox, president of Pixafy, told The Commercial Observer.
Pixafy provides various technology services for businesses, including building out content management systems and providing infrastructure services. The company is currently looking for a tenant to sublease its space at 475 Park Avenue South, which it occupied for only 14 months of a five-year deal. A similar situation at the company’s previous address was solved when a client agreed to a sublease deal.
Built in 1969, 810 Seventh Avenue was acquired by SL Green from Reckson in 2007. The 701,000-square-foot property boasts AT&T Wireless and Ion Media Networks as tenants. Pixafy has moved into space formerly occupied by Diamondback Advisors, a hedge fund that closed late last year after investors withdrew over 25 percent of the fund’s assets following an insider trading investigation.
SL Green was represented in-house by Lawrence Swiger and Jeremy Bier and by a Cushman & Wakefield (CWK) leasing team of Tara Stacom, Mikael Nahmias, Peter Alden, Barry Zeller and Whitten Morris. The tenant was represented by Michael Joseph of Colliers (CIGI). The brokers did not immediately return requests seeking comment.
