UPDATED, 4:20 p.m., Feb. 10: Global business news website Quartz inked a five-year lease for around 25,644 square feet of office space at 675 Sixth Avenue in Chelsea.
The outlet will take part of the fourth floor of the building, subleasing it from Weight Watchers, sources told The Real Deal. Asking rent at the property is $67 per square foot.
Quartz, which launched in 2012 and whose parent company is Atlantic Media, announced plans to move on its website Tuesday. It will join Trader Joe’s and the Gap at the six-story, 300,000-square-foot building between West 21st and 22nd streets. Constructed in 1901, the Beaux-Arts building is owned by investor Israel Taub.
This marks the third office in four years for Quartz, which started out at 73 Spring Street in Soho. The website quickly outgrew that space by the end of 2013 and moved to 233 Park Avenue South at East 19th Street. It took about 12,000 square feet on the second floor of the 12-story building, according to CoStar.
Savills Studley represented Weight Watchers in the deal, while Newmark Grubb Knight Frank’s Andrew Weisz represented Quartz. The building, which is represented by Cushman & Wakefield, has around 20,500 square feet on the third floor and 23,000 square feet on the fourth floor still available.
Desai Chia Architecture was hired to design the new space.
Source: The Real Deal