Spotify looking for 350K sf HQ ahead of IPO next year $8B startup considering moving Swedish offices to NYC
From left: Daniel Ek, 620 Sixth Avenue, Kenneth Siegel and Jim Wenk
The Swedish-based music-streaming app, which currently has an office in Chelsea at RXR Realty’s 620 Sixth Avenue, hired brokers at JLL to start the search for a new headquarters, sources told The Real Deal.
The tenant team hasn’t entered the market yet, but when the time comes, they won’t be moving to the beat of any slow songs. That’s because the assignment, which is for 300,000 to 350,000 square feet, comes with the directive to find a space where the tech company can begin building out its offices by next summer.
Spotify, which reportedly has about 140,000 square feet at RXR’s property, has been there for only three years, according to CoStar data.
But the 10-year-old company has big plans for 2017. CEO Daniel Ek wants to launch an initial public off爱上海龙凤419桑拿
As part of the terms of the funding round, investors have the opportunity to convert stakes into shares at a 20 percent discount to the price of the 阿拉爱上海同城
The Spotify founders are also considering moving the company from Sweden to New York City, in part because Swedish tax law makes it more difficult for the company to offer employees generous stock options, a tool it uses to attract top talent.
Ken Siegel and Jim Wenk at JLL are handling the leasing assignment. Neither the brokers nor representatives for Spotify were immediately available for comment.
The property-service union 32BJ SEIU recently bought four commercial condominium units at RXR’s Chelsea property for $144 million.
Tags: 620 sixth avenue, JLL, RXR Realty, Spotify We are having some technical difficulties. Try again later.
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