Hewlett Packard Ditching Chelsea Offices for Bryant Park
By Nicholas Rizzi February 4, 2019 5:56 pm
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Tech company Hewlett Packard Enterprise plans to move its New York City offices to SL Green Realty Corp.’s 461 Fifth Avenue, Commercial Observer has learned.
Hewlett Packard signed a 10-year lease for 17,945 square feet on the entire eighth and 10th floors of the 28-story building near Bryant Park, a spokesman for the landlord said. Asking rent in the deal was $90 per square foot, a source with knowledge of the deal indicated.
The Palo Alto, Calif.-based company currently has space at 556 West 22nd Street between 11th and 10th Avenues and will move into 461 Fifth Avenue in the second quarter of this year, the source said.
CBRE (CBRE)’s James Ackerson and James Einstein represented Hewlett Packard in the deal while colleagues Ben Friedland, Silvio Petriello, Taylor Scheinman, Jason Pollen and Zak Snider handled it for the landlord. A spokeswoman for CBRE did not immediately provide a comment.
Last year, SL Green finished a $20 million makeover of the 210,000-square-foot building between East 40th and East 41st Streets that added new elevator cabs, renovated the bathrooms and redesigned the lobby, plaza and entrance, as CO previously reported.
Steven Durels, an executive vice president at SL Green (SLG), said in a statement that the project “has led to significant leasing accomplishments.”
Recent deals in the building include Everest Reinsurance expanding its footprint to 57,968 square feet, financial planner Carval Investors taking 6,882 square feet and investment firm Cyprium Partners nabbing 4,051 square feet.
