TF Cornerstone extends Criteo lease at 387 Park Ave. South

Manhattan, NY TF Cornerstone (TFC) negotiated a 10-year lease extension with commerce media company Criteo at its 387 Park Ave. South office building in the Flatiron District. The new lease, encompassing 21,000 s/f on the top floor and penthouse, coincides with the building reaching full occupancy.

“We’re pleased to continue our relationship with Criteo, a respected and growing organization we’re proud to have as a tenant,” said Jake Elghanayan, senior vice president of TF Cornerstone. “Returning to 100% occupancy at 387 Park Ave. South after the SVB’s bankruptcy demonstrates our commitment to delivering high-quality, flexible office spaces that meet the evolving needs of businesses like Criteo.”

Mike Morris, vice chairman of Newmark, represented Criteo.

“The Criteo lease extension exemplifies a top tech leader committing to the quality of its work environment in a building offering modern, creative design, desirable amenities and strong ownership. As always, TFC was a pleasure to work with as they continue to focus on a long-term vision for their top-notch, quality assets,” said Morris.

In addition to Criteo’s renewed commitment, TFC is expanding its own footprint within the building by leasing an additional 7,000 s/f on the 8^th floor, bringing its total presence to 59,000 s/f. Work-focused members club The Malin also opened its doors in October offering 20,000 s/f on the fifth floor.