Software Company Updater Expands to 18,600 SF at 19 Union Square West
By Lauren Elkies Schram May 15, 2018 6:45 pm
reprints
Updater, a software company that builds technology designed to make moving easier, has signed a 10-year deal to double the size of its offices at 19 Union Square West to 18,600 square feet, according to information Lee & Associates NYC provided to Commercial Observer. The asking rent in the building, which is between East 15th and East 16th Streets, was $80 per square foot.
“Adjacent to New York City’s Silicon Alley, Union Square has provided the perfect base for Updater’s offices over the past two years,” said Lee & Associates NYC’s Dennis Someck, who along with Justin Myers, represented Updater in the deal. “They have been very happy with the building, which overlooks Union Square, and it has been an easy transition to add this new space for their growing workforce.”
ABS Partners Real Estate’s Charles Conwell and James Caseley represented the landlord, Walford Company, in the transaction.
Conwell said in an emailed statement: “The quality and location of 19 Union Square West continue to attract best-in-class tenants that want to engage in the neighborhood and embrace all that is has to offer. From the accessibility to Downtown, Midtown and Brooklyn, to the quality-of-life aspects that are found shopping at the green market four days a week, this is a place where employees enjoy coming to work every day.”
Updater already occupies the entire 9,300-square-foot 12th floor and will assume the 9,300-square-foot sixth floor this summer. The 12th-floor lease was extended so it will expire at the same time as the sixth-floor lease, a Lee & Associates NYC spokeswoman indicated.
The deal brings the 12-story, 108,000-square-foot building, to 100 percent leased. IBM has three floors at the property, as CO previously reported. Other tenants include G.P. Schafer Architect, addiction treatment center the Realization Center and recording studio Sonic Union.
