Financial Tech Company Signs 11K-SF Sublease to Move Within Flatiron District



TrueEX has signed a 10,600-square-foot sublease at 22 West 21st Street with sublandlord Group SJR, according to a news release from brokerage CBRE.

SEE ALSO: Hedge Fund Citadel Subleases 24K SF at 520 Madison Avenue [Updated]

The financial technology company will occupy the entire ninth floor of the building between Fifth Avenue and Avenue of the Americas. A CBRE spokeswoman declined to disclose the terms of the deal. In a similar sized deal a year ago, where Simons Foundation took the entire 10th floor, the asking rent was $65 per square foot, according to CoStar Group.

The 101,368-square-foot, 12-story building is a commercial co-op, according to property records.

CBRE’s Mary Ann Tighe, Lauren Crowley, Jared Isaacson, Gregory Tosko and Sacha Zarba represented digital consultancy company Group SJR, a subsidiary of advertising and public relations firm WPP. Meanwhile, Anthony Sciacca of Newmark Grubb Knight Frank represented TrueEX in the deal. The spokeswoman for CBRE declined to comment beyond the details in the release, and Sciacca did not return an inquiry seeking more details via NGKF’s spokesman.  

TrueEX is moving from its current address nearby at 162 Fifth Avenue between West 21st and West 22nd Streets to its new digs in the summer. A representative for TrueEX was not immediately available for comment.

Tenants at the 22 West 21st Street building include cartoon creator Frederator Networks, sports clinic Sport Medicine at Chelsea and data company TayKey.