New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
VTS Secures New Headquarters in Sublease from Salesforce
Savills secured a six-year, 34,325-square-foot lease for longtime client VTS, a leader in the commercial real estate industry’s proptech space. VTS will occupy the entire 14th floor at 3 Bryant Park, subleasing its new office from Salesforce.
“After an exhaustive search that included several submarkets, VTS identified 3 Bryant Park, a building in its current neighborhood, and a location that will remain central for all employees, as its new home,” said Jim Wenk, vice chairman, Savills. “VTS took advantage of favorable market conditions to secure an attractive package relative to direct pricing in the asset.”
VTS plans to relocate from its former headquarters at 141 W. 41st St. in the fourth quarter. Representing the proptech leader were Wenk, along with co-brokers Patrick Heeg of Transwestern and Sam Seiler of JLL. Salesforce was represented by Sacha Zarba, James Ackerson and Alice Fair of CBRE.
- ◦Lease
