Sports Analytics Company Doubles Chelsea Space
Krossover, a film study and statistics site for sports, has signed a three-year renewal to expand to 10,000 square feet at 148 West 24th Street from 5,000 square feet.
The company already occupies the entire eighth floor and will be adding the entire 11th floor of the building between Avenue of the Americas and Seventh Avenue with the deal. It was not immediately clear what the asking rent was in the transaction. The taking rent in 2012 for the eighth floor was $39 per square foot, according to CoStar.
Due to rapid expansion over the past two years, Krossover has grown from a “handful” of employees to more than 75 workers in New York City, according to a CBRE news release.
The company’s new addition will help as it looks to expand to more than 100 employees by the end of 2015, the news release said.
“Given Krossover’s excellent tech genealogy, it should come as no surprise that the company is growing quickly and is excited to have garnered its necessary expansion space at 148 West 24th Street in the highly availability constrained Midtown South market,” CBRE’s Jeffrey Sharon, who represented the tenant in the transaction, said in a prepared statement.
The building is an office and retail co-op and the landlord, listed as 148 West 24th Tenants Corporation, did not have a broker in the deal, according to a spokeswoman at CBRE.
Other tenants in the building include Barcade and jewelry store Patricia von Musulin.