Genius Sports activities is making a play for extra Manhattan workplace house.
The sports activities information and know-how agency inked a 53,000-square-foot lease at Vornado Realty Belief’s 1290 Sixth Avenue, The Actual Deal has discovered. Genius Sports activities signed a 10-year lease for a portion of the Midtown constructing’s sixth flooring, bringing the occupancy charge to 95 %. The asking hire was $99 per sq. foot.
The London-based firm is relocating and increasing its New York headquarters from a former Vornado constructing at 512 West twenty second Avenue, the place it occupied 28,000 sq. toes. Vornado and the Albanese Group sold the West Chelsea property final yr to Raghsa Actual Property for $205 million.
Newmark’s Josh Berg and A.J. Dorn represented Genius Sports activities within the deal. Vornado was represented in-house by Ryan Levy and Edward Riguardi.
The deal comes after Vornado accomplished a serious renovation on the 43-story Sixth Avenue tower, which was in-built 1963. Upgrades embody a revamped foyer, a brand new curtain wall and the addition of wellness-focused facilities aimed toward holding the constructing aggressive with newer workplace developments.
It’s been a busy yr for the Manhattan workplace market. 12 months-to-date leasing quantity reached 26.6 million sq. toes in July, placing 2026 on tempo for its strongest annual whole since 2000, according to Colliers. As Park Avenue fills up, options on adjoining corridors like Sixth Avenue and Lexington have grow to be more and more engaging.
That’s taking part in out at 1290 Sixth, the place Funding agency Neuberger Berman stays the constructing’s anchor tenant, occupying roughly 400,000 sq. toes underneath a lease signed in 2015. International legislation agency Linklaters signed a 48,000-square-foot lease on the constructing earlier this yr, following Oaktree Capital Administration’s 79,000-square-foot deal for your complete twelfth flooring.
The Trump Group owns a 30 % stake within the property via a partnership settlement that restricts a sale till 2044.
Vornado declined to remark. Genius Sports activities didn’t instantly reply to a request for remark.
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