Used-Car Website Vroom Quadrupling Offices in Relocation
By Liam La Guerre April 11, 2017 6:00 pm
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Vroom vroom! Online used-car retailer Vroom is revving up for a move.
The company has signed a 22,549-square-foot deal at Westbrook Partners’ 1375 Broadway to relocate and quadruple the size of its offices.
It will occupy the entire 11th floor of the 27-story, 513,401-square-foot building between West 37th and West 38th Streets. The asking rent in the seven-year deal was $65 per square foot, according to a spokeswoman for CBRE, which handled the deal for the landlord.
Vroom expects to pull out from its current 5,600-square-foot location at 149 Fifth Avenue between East 21st and East 22nd Streets, and start occupying the new digs in the next few months. Within a year-and-a-half of signing the deal for its current office the company grew to approximately 70 employees from roughly 20, as The Wall Street Journal reported.
Cushman & Wakefield’s Jamie Katcher and Douglas Regal represented Vroom in the transaction, and did not return a request for comment via a spokeswoman.
Paul Amrich of CBRE represented the landlord in the transaction alongside colleagues Neil King and Patrice Meagher.
”1375 Broadway has undergone a major transformation over the last three years, which has catered to creative [and] technology tenants and offers a very open floor plate with solid ceiling heights and light and air,” Amrich said in a statement via the spokeswoman.
