Exclusive: Foursquare Nears Deal on Broadway

Another local rockstar, ZocDoc, which recently raised $75 million from Goldman Sachs and Facebook investor Digital Sky Technologies, occupies the teal-painted ninth floor of the building.

The space was originally offered for a sublease through April 2013. However, the deal is being directly negotiated between Foursquare and Scholastic, bypassing the building’s leasing office. Because at least three offers came in for the space at the same time, and Scholastic had been scouting for a broker but hadn’t found one yet, the company decided to negotiate directly.

Foursquare, founded in 2009, has more than 70 employees in New York and is currently hiring for another 18. The company also recently opened a San Francisco office. The two floors at 568 Broadway will give the company a combined 56,000 square feet.

Foursquare, which declined to comment, is represented by Sean Black of Jones Lang LaSalle. Brokers Matt Bergey and Matt Saker of CB Richard Ellis were representing Tumblr.

Exclusive: Foursquare Nears Deal on Broadway