Chainalysis Triples Footprint in Relocation Sublease
Savills represented Chainalysis in a 38,804-square-foot sublease at 114 Fifth Ave. The blockchain data platform, which has raised $300 million in funding since November 2020 and is valued at $4.2 billion, is more than tripling its footprint.
“From the onset of the search process, Savills was keenly aware of Chainalysis’ space requirements – and how important it was to the firm’s decision makers that the team identified a high-end, quality office to welcome employees back to,” said Marc Shapses, vice chairman at Savills.
Chainalysis will officially relocate to 114 Fifth later in the third quarter. The company was represented by Shapses and Savill’s Seth Wasserman, and Roi Shleifer. The undisclosed sublessor was represented by Ken Ruderman and Gary Stein, also of Savills.
Founded in 2014, Chainalysis serves as a strategic partner to financial institutions, governments, and cryptocurrency businesses around the world.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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