Job Search Company Doubling Offices in Move to Hippodrome Building
By Liam La Guerre November 9, 2015 11:46 am
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Indeed, a job site, signed an eight-year, 125,000-square-foot lease to relocate its New York offices to the Hippodrome Building at 1120 Avenue of the Americas.
The company will occupy the entire ninth, 11th, 12th, 13th and 16th floors of the office building between West 43rd and West 44th Streets. Indeed, which boasts over 180 million unique visitors per month, is moving from its 55,000-square-foot offices at 125 West 55th Street next year, as The Wall Street Journal first reported. Asking rent in the deal was not immediately available.
As Indeed’s New York office has ballooned from just 116 employees in 2012 to 250 workers today, the company’s move is driven by growth. The new space will be able to house up to 700 employees, according to an Indeed news release.
“We are thrilled to be moving to this prime location in New York to meet the growing needs of our organization,” Paul Wolfe, a senior vice president at Indeed, said in prepared remarks. “The Hippodrome’s unique style and location are a perfect fit for us to continue our work of matching employers with job seekers around the globe.”
Lisa Kiell of JLL represented Indeed in the deal, while landlord Edison Properties was represented by a Cushman & Wakefield team of John Cefaly, Gus Field, Michael Burgio and David Berke. The C&W brokers declined to comment through a spokesman.
“The central location, efficient floor plate and superior management at 1120 Avenue of the Americas, coupled with the incredible outdoor space provides a powerful attraction and retention tool for employees,” Ms. Kiell said in the news release.
Other recent transactions in the building include Cambridge America’s 10-year lease for 10,281 square feet and Citizen Watch Company of America’s deal for 22,818 square feet, as Commercial Observer previously reported. And, last week Bank Hapoalim (BKHYY) signed a deal for a 40,000-square-foot office.
