NEW YORK CITY—OnDeck Capital, Inc. has expanded its headquarters space at 1400 Broadway by approximately 79,000 square feet, according to landlord Empire State Realty Trust.
The company will grow within the property from approximately 38,000 square feet to a total occupancy of approximately 117,000 square feet.
“We are delighted that our existing relationship with OnDeck gave us the opportunity to accommodate their significant expansion at 1400 Broadway,” said Thomas Durels, Empire State's (ESRT's) executive vice president, director of leasing and operations.
OnDeck is a leading platform for small business loans. The company uses proprietary lending technology and analytics to aggregate and analyze thousands of data points to assess the creditworthiness of small businesses. Since 2007, OnDeck has deployed more than $2 billion in capital and has served tens of thousands of small businesses across more than 700 different industries in all 50 U.S. states, and also makes small business loans in Canada.
Paul Ippolito of Newmark Grubb Knight Frank represented OnDeck in the lease negotiations.
Landlord representation was provided by Keith Cody of ESRT, along with Scott Klau, Erik Harris and Neil Rubin of Newmark Grubb Knight Frank.
Empire State Realty Trust is a leading owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous office building.
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