Home Improvement Matchmaker Nails Down Space on West 34th Street
By Lauren Elkies Schram May 3, 2017 4:00 pm
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HomeAdvisor, operator of a home services marketplace, has signed a deal to relocate in Midtown West, Vornado Realty Trust Chief Executive Officer Steven Roth said during the retail estate investment trust’s first-quarter earnings call yesterday.
The Golden, Colo.-based company, which links homeowners with home improvement, maintenance and repair professionals via the internet, has secured 43,000 square feet at Vornado’s 330 West 34th Street between Eighth and Ninth Avenues, Roth said.
HomeAdvisor’s spokeswoman told Commercial Observer that the company will occupy the entire 10th floor of the 18-story, 688,881-square-foot building, when it relocates from 229 West 43rd Street between Seventh and Eighth Avenues. The move-in date is Aug. 16, according to CoStar Group.
“The space is centrally located blocks from Pennsylvania Station and close to restaurants and shopping,” the HomeAdvisor spokeswoman emailed. “The new office also has more space, so we can continue to expand HomeAdvisor’s sales team at this location.”
HomeAdvisor’s spokeswoman declined to cite deal specifics, but the lease is for 10 years, CoStar indicates, with an asking rent of $68 per square foot. JLL‘s Steven Rotter represented HomeAdvisor in the deal.
On Monday, HomeAdvisor’s owner, IAC, agreed to acquire HomeAdvisor competitor Angie’s List in a deal valued at over $500 million, according to Bloomberg.
Vornado declined to comment via a spokesman.
