Tech Company Takes Space at New York Times Building
Danielle Schlanger Feb. 5, 2015, 10:58 a.m.
Bounce Exchange is trading its 5,543-square-foot space at 304 Hudson Street for 30,917 square feet at the New York Times Building at 620 Eighth Avenue, the New York Post reported yesterday.
The technology company, which helps its clients adjust it Web content for different visitors, has grown 10-fold over the last two years. To facilitate its growth, it has leased the entire 21st floor from the New York Times, whose sales and marketing team was the prior tenant. While the move to the Times Building is complete, the space will not be finished until the beginning of March.
Bounce Exchange new office will include amenities beloved by many tech companies: a ping-pong table, nap pods and plenty of snacks, according to the Post.
“While working in an office that’s bursting at the seams fosters our culture and gets our creative juices flowing, there’s something to be said about having more than 30 inches of desk space per person,” said Christina Barney, the company’s office manager, via a spokeswoman. The company declined to provide the asking rent.
CBRE’s Mary Ann Tighe, Ramneek Rikhy, Arkady Smolyansky, Greg Tosko and Sacha Zarba represented the New York Times in the transaction. Cushman & Wakefield’s Mitchell Barnett, Richard Serko and Bill Lee represented Bounce Exchange. The lease was signed on Dec. 19.
“Bounce’s choice of The New York Times Building is further evidence of the continuing demand among tech firms for efficient buildings that support higher densities and provide amenities to their employees,” said Mr. Smolyansky. “[The building] was designed to be ahead of its time and when space becomes available to third parties, it is attractive to discerning tenants.”
C&W did not immediately respond to a request for comment.