IBM Nabs 28K SF on Union Square West
By Lauren Elkies Schram March 28, 2018 4:30 pm
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IBM has signed a 27,699-square-foot lease at Walford Company’s 19 Union Square West between East 15th and East 16th Streets.
The Armonk, N.Y.-based tech company will occupy the ninth through 11th floors for its engineering and technology operations, according to The New York Post. The asking rent was $80 per square foot. The length of the lease wasn’t immediately clear, and nor was whether the deal marks a relocation, as the Post noted that IBM previously subleased 9,233 square feet from FanDuel in the 13-story, 121,548-square-foot building.
Carl Ericksen of CBRE (CBRE) represented the tenant in the deal. A CBRE spokeswoman declined to comment. ABS Partners’ James Caseley, Charles Conwell, Gregg Schenker, Earle Altman and Steven Hornstock represented the landlord. An ABS spokeswoman didn’t immediately respond with a comment.
Tenants in the 1911 building include G.P. Schafer Architect, addiction treatment center the Realization Center, recording studio Sonic Union and mobile app Updater. Commercial Observer reported in May 2016 that Updater, which automatically updates one’s address when he or she moves, signed a 10-year deal for the entire 9,233-square-foot 12th floor a month earlier.
