Financial Website to Occupy 16,000 Square Feet of High-End, Pre-Built Space at Amenity-Filled Building Overlooking Bryant Park
Equity Office announced today that it has signed a new lease with financial news website Investopedia to move its headquarters to an entire floor at 114 West 41st Street, its fully modernized 22-story office tower just steps from Bryant Park in Midtown Manhattan.
Investopedia, the premier online source of trusted financial content, will occupy 15,931 square feet across the entire eighth floor. The company, which is owned by leading media and internet company IAC, will relocate from 110 East 42nd Street in the third quarter of 2017.
The floor that Investopedia will occupy is part of a successful prebuilt campaign by Equity Office at 114 West 41stStreet. Outfitted with high-end finishes, the floor was designed with a contemporary vibe. It features an open layout, 12'6" ceilings, polished concrete floor, exposed brick, abundant natural light, and open pantry with kegerator.
“Our objective with our prebuilt program was to design innovative, 21st century workspaces that provide the dynamic setting that today’s top creative and media brands demand,” said Scott Silverstein of Equity Office. “We are pleased to welcome Investopedia, which was drawn to 114 West 41st for its contemporary environment in an ideal location near Midtown’s best retail, restaurants, and outdoor spaces.”
Investopedia was represented in the transaction by Steven Rotter and Dan Santagata of JLL. Equity Office was represented in-house by Zachary Freeman and Mr. Silverstein, as well as by Erik Harris, Scott Klau, Ben Shapiro, and Zach Weil of Newmark Grubb Knight Frank.
“Investopedia has experienced incredible growth over the last two years and we were reaching capacity in our current office,” commented David Siegel, CEO of Investopedia. “We needed a new space that would not only accommodate us in the short-term, but enable us to continue our rapid expansion while offering a collaborative workplace environment. We’re thrilled to be moving into 114 West 41st Street to write the next chapter of the Investopedia story.”
Equity Office recently completed a building-wide renovation at the 22-story, 352,000-square-foot building. Improvements include a reimagined double-height entrance lobby with access from both West 40th and West 41stStreets and “The Vault,” a tenant amenity center connecting the two lobbies. The 4,000-square-foot collaborative space boasts 18-foot ceilings and includes a billiards room, café area, communal pantry with bleacher seating, coffee bar, and media lounge. The Vault also exhibits carefully-selected images of iconic New York figures and a framed set of contemporary Andy Warhol skate decks to enhance the fresh, edgy feel of the space.
Additionally at 114 West 41st Street, Equity Office has partnered with Truebrew Outfitters, a Chicago-based company that curates coffees and tea from around the United States. A free perk offered to tenants by Equity Office, a Truebrew barista is on-hand three days a week pouring a variety of cold brew coffees and matcha teas.
114 West 41st Street boasts a convenient location in the midst of the city’s best restaurants, retail, hotels, fitness centers, and outdoor plazas. Transportation is easily accessible, with Grand Central Terminal, Penn Station, and Port Authority nearby. Notable tenants include VTS, Roku, Quartet Health, and SpotCo, as well as the retail additions of Two Forks and Dos Toros.
About Equity Office
With an impressive portfolio encompassing approximately 50 million square feet of Class A office space, Equity Office is one of the largest and most reputable commercial real estate firms in the nation. An affiliate of Blackstone Group, the premier global investment and advisory firm, Equity Office focuses on meeting current trends and strategically addressing the changing needs of companies in superior locations throughout the country. Equity Office boasts five buildings and 2.5 million square feet of office space in NYC including Park Avenue Tower in Midtown Manhattan, a 620,000 square foot commercial building located at 65 East 55th Street, as well as two newly acquired buildings in Greenwich, CT. For more information, visit equityoffice.com.
About Investopedia
Investopedia is the world’s leading online source of financial content, with more than 25 million unique visitors and 78 million pageviews each month. Powered by a team ofdata scientists and financial experts, Investopedia offers timely, trusted and actionable financial information for every investor, from early investors to financial advisors to high net worth individuals. Investopedia is wholly owned by IAC (NASDAQ: IAC) and operated by IAC Publishing, a collection of some of the web’s largest and most trusted digital media brands. For the latest in financial news and information, visit http://www.investopedia.com.
