Savills Studley announced that it has negotiated a 19,644- s/f lease for PebblePost’s new Noho office.
Amidst rapid expansion of its business, PebblePost will quadruple its New York City office footprint in a move from 5,000 s/f at 36 Cooper Square to nearly 20,000 s/f at 400 Lafayette Street.
PebblePost invented Programmatic Direct Mail, which transforms real-time online activity into personalized, dynamically rendered tangible media that’s delivered to consumers. The company’s clients include TUMI, Boxed.com, JPMorgan Chase and American Express.
Since PebblePost’s founding in 2014, the company has raised $63 million in funding. Earlier this year, it raised $47 million in a combination of equity and debt.
Savills Studley’s Senior Managing Director Craig Lemle and Managing Director Nick Zarnin represented PebblePost in the transaction.
“PebblePost was in immediate need of a larger space to accommodate its rapidly growing staff,” said Lemle.
“The workplace at 400 Lafayette provides PebblePost the ideal location, size and buildout to move in quickly and continue to grow in a space that is in line with the company’s culture and business objectives.”