Pinterest taking over 13th floor at 11 Madison – Business News
In a break to the (*11*) leasing lull since early spring, Pinterest is taking 83,000 sq. ft on all the 13th floor at SL Green’s 11 Madison Ave.
Pinterest will depart behind 40,000 sq. ft at 225 Park Ave. South. The deal brings 11 Madison to 92% leased. The asking rent was $90 per sq. foot.
San Francisco-based Pinterest is a social media “visual discovery platform” for product-scanning and ideas-sharing. It was repped by a JLL workforce whereas SL Green was repped by Newmark.
Eleven Madison Avenue in New York, NY. Christopher Sadowski
Other giant tenants at 2.34 million square-foot 11 Madison embody UBS, SONY, Suntory and IMG.
