How about that Internet? First, digital marketing giant Digitas lands more than 200,000 square feet on Park Avenue South in March. Then Google finally moves into its 300,000-square-foot Chelsea palace in October.
Now, here comes Avenue A-Razorfish. The Web design and marketing company, with revenues near $200 million last year, has moved into three floors that Google used to call home at 1440 Broadway. The company will consolidate three downtown offices — 11 Beach Street, 162 Fifth Avenue, 107 Grand Street — into an 80,000-square-foot spot in Times Square.
Avenue A-Razorfish did the redesign of The New York Times Web site and its client list also includes Conde Nast, JP Morgan, Maybelline and Polo Ralph Lauren.
David Falk of Newmark Knight Frank repped the deal. Avenue A-Razorfish would not comment on the asking rent for the lease, but averages for Times Square office space run into the mid-$40s a foot.
– John Koblin