Cloudflare to Relocate to Herald Square

September 5, 2019 – Cloudflare has signed a lease for more than 7,000 square feet on two floors at 251 West 30th Street, comprising the entire 4,799-square-foot 16th floor...
251 West 30th

September 5, 2019 – Cloudflare has signed a lease for more than 7,000 square feet on two floors at 251 West 30th Street, comprising the entire 4,799-square-foot 16th floor and 2,250 square feet on the 15th floor. One of the largest Internet services providers in the world, used by more than 20 million properties, Cloudflare provides security, performance and acceleration products for on-premises, hybrid, cloud and SaaS applications. Headquartered in San Francisco, the company also has offices in London, Sidney, Beijing, Singapore, Lisbon and Washington, DC, among other domestic and international locations. In New York City, it will be relocating from 33 Irving Place.

Representing the owners were John Monaco, executive vice president/leasing, HSP Real Estate Group, a member of NAI Global, and Newmark Knight Franks’ Billy Cohen, vice chairman, and Jared Winter, director. The tenant was represented by Sam Seiler, managing director, JLL. Asking rent for the space was $64-per-square-foot. The lease term was three years.

“Having a world-renowned Internet giant join our tenant mix is a direct reflection of building’s evolving profile,” points out Mr. Monaco. “Whether it was the proximity to Penn Station and Hudson Yards or open, buildable floors surrounded by unobstructed views, this is clearly a desirable location for Internet-based businesses and related service providers.”

Among the more recent tenants at 251 West 30th Street have ben Jupiter Intelligence, Primary, and global architecture firm Greenberg Farrow. The 16-story prewar building, which was acquired by HSP Real Estate Group and Marciano Investment Group in 2016, has undergone institutional-quality improvements throughout the interiors and achieved a Silver LEED Certification. It is ideally located two blocks from Hudson Yards, down the street from the entrance to the High Line, and one block from Penn Station. Building-wide tenant amenities include a lounge with barista section, yoga/work-out room with showers, and secure bike storage room.

Cloudflare is expected to take possession of its new offices early next year.

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CommercialDealsLeasingNationalNew YorkNortheastOffice

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