Newmark Grubb Knight Frank (NGKF) is pleased to announce that it represented Emeryville, CA based Tubemogul in the leasing of the entire 9th floor, totaling 19,326 square feet, at 114 Fifth Avenue.
Tubemogul’s new space at 114 Fifth Avenue, a premiere building in the Union Square submarket, can comfortably accommodate the firm’s dramatic growth. Tubemogul’s New York office has consistently desired to remain in the Union Square submarket, an area that the local team has been fond of. As Tubemogul makes the move to 114 Fifth, they will vacate a newly improved space at 853 Broadway overlooking Union Square. The 853 Broadway space will be placed on the sublease market and is expected to command a strong interest given the plug-n-play nature of the installation.
Eric Cagner, managing director with NGKF, commented: “We were delighted to once again advise Tubemogul in the next stage of their growth, and help them lease space in a first class asset which was redeveloped by L&L. The large floor plate which can accommodate all employees on one floor, coupled with the premiere nature of the building with its brand new lobby and roof deck, made the building a desirable choice. In addition, we found a terrific partner in the sublessor, First Look Media, who agreed to deliver the premises in a fashion that spoke to the Tubemogul brand.”
NGKF’s Eric Cagner, Gregory Wang and Jonathan Tomasco represented Tubemogul in this transaction. First Look Media was represented by Ken Ruderman, Gary Stein and Chris Brandt.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick.