Yahoo is tumbling into the old Times Building on W. 43rd St. with a new lease for 176,000 feet on the 9th through 12th floors of the 16-story building where they will consolidate their city headquarters.
Yahoo CEO Marissa Mayer announced the move as she and Mayor Bloomberg discussed the $1.1 billion Tumblr acquisition at a press event. The Post first reported the tech giant was exploring options at the building.
According to sources, Yahoo will have the use of expansive terraces on the 9th, 10th and 12th floors. It will have flags flying on the 43rd St. entrance and signage on the cupola of the building subject to city approval.
The building, owned by Blackstone, was represented by a Newmark Grubb Knight Frank team of Lance Korman, Brian Waterman, Jonathan Tootell and Brent Ozarowski. Yahoo is represented by Matt Horner of Jones Lang LaSalle.
Blackstone bought everything from the 4th floor up of the former New York Times headquarters and has targeted tech companies by focusing on storied building’s numerous large terraces, high ceilings and cool vibe.
Yahoo is currently based in both 1540 Broadway and 1065 Ave. of the Americas and will be building out before moving in.