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.
Silicon Valley-Based Sequoia Capital Commits to First NYC Office
Global venture capital firm Sequoia Capital, headquartered in Menlo Park, CA, is planning its first New York City office, according to published reports. The company, which specializes in the tech sector and has more than $80 billion in assets under management, reportedly has leased 13,000 square feet at RAL Development Services’ recently completed Zero Iving at 124 E. 14th St. in Union Square.
For Sequoia Capital, which also has offices in San Francisco and London, this will be the first domestic office outside of California. At Zero Irving, it will be joining a Zero Irving tenant roster that includes Melio Payments, Sigma Computing and Laurel Road.
A spokesman for RAL said the company had no comment. Earlier this month, Laurel Road, a digital banking platform and brand of financial services company KeyBank, leased 15,240 square feet at Zero Irving.
- ◦Lease
