The Real Deal, "Twitter co-founder's new startup takes 40K square feet in Soho" (Apr. 24, 2014)
Summary
A Real Deal article, dated April 24, 2014, reporting that Square, a San Francisco-based startup that makes mobile-payment processors, took 40,000 square feet at Real Estate Equities' Soho building. With the new office, Square's total staff will grow from 35 employees to 385. The state's Empire State Development Corporation offered $5 million in tax credits for the deal. The article says the company raised about $100 million in venture capital financing earlier this month, as Crain's reported, and that Real Estate Equities paid $81 million for the five-story office-and-retail building the year before. One of the founders is Jack Dorsey, who also co-founded Twitter.
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“The Real Deal, ‘Twitter co-founder's new startup takes 40K square feet in Soho’ (Apr. 24, 2014).”
Original at therealdeal.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/the-real-deal-twitter-co-founder-s-new-startup-takes-40k-square-feet-i-a716482690/
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New York Twitter co-founder’s new startup takes 40K square feet in Soho Jack Dorsey's latest venture, payments specialist Square, takes space at 375 West Broadway Jack Dorsey and 375 West Broadway By Square, a San Francisco-based startup that makes mobile-payment processors, grabbed 40,000 square feet at Real Estate Equities’ 375 West Broadway in Soho. With the new office, Square’s total staff will grow from 35 employees to 385. The state’s Empire State Development Corporation offered $5 million in tax credits for the deal. The company raised about $100 million in venture capital financing earlier this month, Crain’s reported. One of the founders is Jack Dorsey, who also co-founded Twitter. Last year, Midtown-based property investment firm Real Estate Equities paid $81 million for the five-story office-and-retail building, as The Real Deal reported. Trendy retailer Anthropologie is one of the tenants in the 55,700-square-foot property, between Broome and Spring streets. — Mark Maurer Tags Empire State Development Real Estate Finance Soho Recommended For You
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Cited in: Jack Dorsey