NEW YORK CITY, NY – May 11, 2012 – (RealEstateRama) — The Active Network, a leader in online registration and event management software that helps businesses automate and simplify operations, management and participation, has doubled its office space at 370 Lexington Avenue, lifting the total to more than 6,300 square feet, reports Sherwood Equities, the landlord.
The fast growing San Diego-based technology firm, with clients such as Starbucks, Cisco and Oracle, has been a tenant at 370 Lexington Avenue since 2005, and is consolidating its Manhattan offices in the building. The firm will take occupancy of the additional space in July.
The tenant is relocating a separate division of the company from the West Side of Manhattan, says Sherwood Equities’ Adam Weissleder, who negotiated the transaction together with colleague Jill Burrowes.
“We’re quite pleased that Active Network has chosen to stay at 370 Lexington. They had a number of options for their space requirement, including consolidating at their West Side location or relocating to a different building in the Grand Central market,” adds Mr. Weissleder. “Their choice to remain at 370 Lexington Avenue speaks in great part to the positive experience they have had in the building and the strong relationship developed with Sherwood over the past several years.”
Sherwood Equities is a New York City based, privately held real estate investment and development company established in 1952. Long known for its contribution to the development of Times Square, Sherwood has become a major player in the High Line and Hudson Yards area, as well as other parts of Manhattan. In addition to owning or developing some of Manhattan’s most prominent properties, such as 2 Times Square, 1 Times Square and 1600 Broadway, Sherwood is currently expanding its acquisition and development pipeline throughout the city.
About Sherwood Equities
Sherwood Equities is a New York City based, privately held real estate investment and development company established in 1952. Long known for its contribution to the development of Times Square, Sherwood has become a major player in the High Line and Hudson Yards area, as well as other parts of Manhattan. In addition to owning or developing some of Manhattan’s most prominent properties, such as 2 Times Square, 1 Times Square and 1600 Broadway, Sherwood is currently expanding its acquisition and development pipeline throughout the city.
From: SHERWOOD EQUITIES, INC.
745 Fifth Avenue
New York, NY 10151
Contact: Jeannette Boccini or David M. Grant, LVM Group Inc.
jeannette (at) lvmgroup (dot) com; 212-499-6566
david (at) lvmgroup (dot) com; 212-499-6565
