Finance services company OnDeck Capital has expanded its office space at 1400 Broadway to 117,000 s/f.
Empire State Realty Trust announced the 79,000 s/f expansion, noting OnDeck will expanded its headquarters space at 1400 Broadway from 38,000 s/f.
“We are delighted that our existing relationship with OnDeck gave us the opportunity to accommodate their significant expansion at 1400 Broadway,” said Thomas P. Durels, ESRT’s executive vice president, director of leasing and operations.
OnDeck is a leading platform for small business loans. The company uses proprietary lending technology and analytics to aggregate and analyze thousands of data points to assess the creditworthiness of small businesses.
Since 2007, OnDeck has deployed more than $2 billion in capital and has served tens of thousands of small businesses across more than 700 different industries in all 50 U.S. states, and also makes small business loans in Canada.
Paul Ippolito of Newmark Grubb Knight Frank represented OnDeck in the lease negotiations.
Landlord representation was provided by Keith A. Cody of ESRT, along with Scott Klau, Erik Harris and Neil Rubin of Newmark Grubb Knight Frank.
1400 Broadway, containing 37 floors and 908,237 rentable square feet, is homes to Interpublic Group of Companies, VeriFone Systems, Hatch Mott MacDonald, and the corporate executive offices of Burlington Coat Factory and Kohl’s.
The property’s upgrade program, substantially completed, includes a newly designed lobby by architect Fifield Piaker Elman, with new entrance doors and canopy, a new ceiling, new lighting, and two new concierge desks with 24/7 security and turnstiles.
Other renovations include new elevators, renovated air-conditioned public corridors and restrooms, new windows, and upgraded building-wide systems, including state-of-the-art electrical, plumbing, HVAC, and security.
Available space includes our high-end pre-built suites in a variety of sizes, white-boxed full floors and a large block opportunity with an outdoor terrace.