In a major expansion of its New York operations, DoorDash has inked a lease for more than 115,000 square feet at 200 Fifth Avenue, a 13-story commercial building in Flatiron, Manhattan. The deal is an expansion of the 57,691 square feet that it currently occupies in the structure, which is located at the intersection of Fifth Avenue, Broadway, and 23rd Street along Madison Square Park.
The historic building was constructed in 1909 and is managed by BXP, which acquired a 27 percent interest in the joint venture that owns the property in November 2022, with institutional investors advised by J.P. Morgan Global Alternatives holding the remaining 73 percent interest.
Representing BXP in the leasing negotiations were Cushman & Wakefield‘s Bruce Mosler, Ethan Silverstein, Anthony LoPresti, and Bianca Di Mauro. DoorDash was represented by Adam Ardise and Greg Pickett, also of Cushman & Wakefield.
DoorDash initially moved into the eighth floor of 200 Fifth Avenue in March 2023, utilizing the open floor plan for meetings and events. With this expansion, the company will occupy the ninth floor by the end of 2024, effectively doubling its office footprint in New York City.
“200 Fifth Avenue’s inspired work environment, historic architecture, and dynamic neighborhood make it a destination within Midtown South,” said Hilary Spann, EVP, New York Region at BXP. “The space offers opportunities for dynamic companies to thrive and enjoy Midtown South, including vibrant retail and abundant outdoor space.”
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The old Int’l Toy Center. I think Josh Baskin worked here.
Just speaking for myself here but slightly more historical context in these write-ups would be greatly appreciated. I shouldn’t be the one who had to mention the building was formally world famous for being essentially the center of the toy industry.
Agreed—all the trade buildings—Mercantile Mart in Chicago!—but also in NYC! Happy New Year, NFA—Heart And Soul!