SJP Properties announced that the St. Louis-based tech powerhouse, Answers Corporation, has signed a new office lease to occupy the entire 11th floor at 11 Times Square, its state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower.
The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.
“Answers needed a world-class, tech-forward space to support our high-performing New York operations and workforce, which has quadrupled since last year and continues to grow,” said David Karandish, CEO and Chairman of Answers Corporation.
“The central location of 11 Times Square gives us tremendous proximity to key customers of our platform technologies–some of the world’s largest brands and advertising agencies, in industries such as retail, financial services and healthcare. It also strengthens our efforts to recruit Silicon Alley talent who can help us deliver leading-edge digital media experiences and marketing solutions to consumers and clients alike.”
Answers is best known for its digital media property Answers.com, which boasts the largest Q&A community on the web. Answers also powers a leading-edge marketing technology platform that helps brands and organizations measure and improve the multichannel customer experience.
The company will take a total of approximately 29,000 s/f at 11 Times Square, consolidating operations from multiple locations within New York City.
The Cassidy Turley team of Nicola Heryet, Senior Managing Director and Principal, and Stephen Bellwood, Managing Director, represented Answers in its lease, while SJP was represented by Vice Chairmen Mitch Konsker and Paul Glickman of JLL, 11 Times Square’s exclusive office leasing agent.
Answers is the latest industry-leading technology company to make a move to 11 Times Square, which is also home to Microsoft and e-Marketer.
Commented Steven J. Pozycki, CEO of SJP Properties, “This latest lease with Answers demonstrates the value that companies see in occupying high-grade, technologically advanced commercial space that provides direct access to unrivaled services, dining, entertainment and cultural venues, as well as the world’s best transportation network. We are extremely pleased to welcome Answers to 11 Times Square as the company positions itself strongly for additional future growth.”
In addition to its roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 s/f at the tower.
Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, Global Food International, Senor Frog’s and Off the Wall Frozen Yogurt.
Approximately 150,000 s/f of office space remains available for lease in the building.