By Lauren Elkies Schram on June 04, 2014.
CompStak, which offers data on commercial property leases to brokers and other industry participants, has relocated its headquarters within its Cooper Square building.
The company signed a three-year deal for the 7,700-square-foot sixth floor at 36 Cooper Square. The asking rent was $55 per square foot, said Nora Stats of CBC Alliance, who represented landlord Hartz Mountain Industries in the deal along with colleague Jonathan Mines. CompStak had been a subtenant in a smaller space on the fourth floor in the seven-story building and as the firm is expanding, it required a full floor, Ms. Stats said. Plated food delivery, which was a success story on Shark Tank, has subletted part of CompStak’s new space.
Michael Mandel, co-founder and CEO of CompStak, who is a New York City commercial real estate broker-turned entrepreneur, represented his firm in the deal, Ms. Stats indicated. CompStak is looking to expand into 12 new markets this year, as Commercial Observer previously reported, hiring Andrew Phillips, formerly of Newmark Grubb Knight Frank, as director of enterprise sales, earlier this year. CompStak launched in seven national markets in 2013. Mr. Mandel didn’t immediately respond to a request for comment.
The building at 36 Cooper Square is the former home of the Village Voice, which moved to 80 Maiden Lane a couple of years ago, and location-based social network Foursquare, which also left a couple of years ago, for 568 Broadway.