Photo App Startup Signs 100 Wall Street Lease
By Gus Delaporte March 17, 2014 3:30 pm
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Pixable, the developer of a mobile photo application of the same name, has signed a five-year lease for a 6,836-square-foot portion of the 18th floor of Savanna’s 100 Wall Street, Commercial Observer has learned.
The company’s product aggregates photos from various social networks and sorts them into feeds. Founded in 2009, Pixable was acquired by SingTel in 2012 for $26.5 million, according to CrunchBase, and is currently headquartered at 137 Varick Street.
The 29-story building at 100 Wall Street was built in 1969 and acquired by Savanna in 2011. The landlord recently installed brand new chillers and performed cosmetic lobby upgrades and elevator repairs at the property. Additionally, the real estate private equity firm has relocated the critical life and safety systems and electric switch gear at the building from the basement to the second floor.
As reported by Commercial Observer, Apex Systems signed a new seven-year, 4,318-square-foot lease at the building last month. The lease brought the building to 88 percent occupancy.
Mitchell Konsker, Scott Cahaly and Kyle Young of JLL (JLL) represented Savanna. Jonathan Tootell of Newmark (NMRK) Grubb Knight Frank represented the tenant.
