Global Marketing Tech Firm Relocating to Flatiron District
Lauren Elkies Schram Feb. 24, 2015, 2:05 p.m.
Acxiom Corporation has signed a lease for the entire 19,326-square-foot seventh floor at L&L Holdings‘ 114 Fifth Avenue, Commercial Observer has learned.
The global marketing technology and services company will be moving from 240 West 37th Street in an eight-year deal, according to Andrew Stein of Vicus Partners, who represented the tenant in the relocation. The asking rent was $85 per square foot, he said.
L&L’s Andrew Wiener represented the building’s ownership, which acquired the 330,000-square-foot century-old, 20-story office tower at the southwest corner of West 17th Street in a joint venture with private equity firm Lubert-Adler for $165 million early last year. The company emptied out the building, completely rehabbed it from top to bottom and then reopened it for leasing.
Mr. Wiener wasn’t immediately available for comment.