News
NY FLEXES, WOOS SAN FRAN TECH STAR
August 15, 2012
| Salesforce.com, which like all good tech firms is based in San Fran, has bulked up its NYC space just like Mayor Mike hoped such firms would. It traded in its 16k SF in 2 Grand Central Tower for 74k SF in the nearby and newly redone 685 Third Ave. It's not exactly the return of the Dodgers and Giants, but it's a nice start. |
 |
| Yesterday, CBRE's Zach Freeman told us Salesforce recently bought several companies (including Buddy Media) and has oodles of expansion rights in its lease (now 2.5 floors) with landlord TIAA-CREF. The building's Gensler-designed redo is almost complete. (Above, a rendering...or else we have x-ray vision and must have to join the Justice League.) 685 Third is also home to Chang Hwa Bank (13k SF)—which came with the building when TIAA-CREF bought it two years ago, A&E—which is there temporarily (that's a company that knows about storage), and accounting firm Marks Paneth—its 100k SF was the first deal the CBRE team (Zach, Robert Alexander,Paul Amrich, Anthony Dattoma, Howard Fiddle, and Molly Concannon) closed in the reinvented property. They've got 400k SF left to lease. CushWake's Gus Field repped Salesforce, which also occupies 400k SF in TIAA-CREF's 50 Fremont St in San Fran. |
