Real Estate Weekly
Image default
Deals & Dealmakers Featured

CheapOair lands at former NYT building

Air travel technology company Fareportal is moving its headquarters to 229 West 43rd Street, the historic former New York Times building in Midtown West.

Newmark Knight Frank (NKF) and Lee & Associates NYC brokered the 68,760 s/f sublease for the entire 11th and 12th floors of the building.

Fareportal combines digital front-end mobile apps and websites with one of the largest traditional travel agencies in order to guarantee the best deals for its customers.

COREY ABDO

The enterprise is divided between FareBuzz (its business-to-business brand) and CheapOair.com (its consumer-facing brand) connecting customers with services from eight travel brands.

Corey Abdo, executive managing director at Lee NYC, has repped the firm for a decade, watching them grow.

“With 375 employees in the New York City office, the Fareportal team sought an office with top-of-the-line amenities, which is exactly what we found them,” said Abdo.

ROBERT SILVER

“229 West 43rd Street boasts a 10,000 s/f outdoor roof deck, 16 ft. ceilings and a combination of glass offices and conference rooms in addition to a partial open floor plan.”

NKF executive managing director Robert Silver, with assistance from managing director Scott Brown, co-brokered the lease for Fareportal with Abdo.

“An ideal fit for the demands of a rapidly growing technology company, the high-end space is complete with oversized windows, ample natural light and high ceilings, ” said Silver.

“In this modern, but historically significant building, Fareportal will be able to work and collaborate creatively, finding more opportunities for growth through its strong new workspace.”

The sublandlord, Verizon Wireless, was represented by Josh Kuriloff, Ron Lo Russo, Drew Braver, Matthias Li, Pierce Hance, and Eric Hazen of Cushman & Wakefield.

Fareportal, which is relocating its headquarters from 135 West 50th Street, is expected to take occupancy October 1, 2019.

(Visited 1 times, 1 visits today)

Related posts

REBNY to launch virtual intern program

REW

As legislators return to session, housing system requires support

Jolie Milstein

New firm looking to dominate development site sector

REW