New York, NY – April 24, 2018 – Cushman & Wakefield announced today that the real estate services firm has arranged a 3.5-year, 21,657-square-foot off-market transaction for Dailymotion, Inc. at 50 West 23rd Street. The online video technology company will occupy the building’s entire 10th floor for their U.S. headquarters.

Cushman & Wakefield’s Douglas Regal and Evan Algier represented the tenant in the transaction. Two Trees Management is the building’s landlord and audio distribution company SoundCloud was the space’s Assignor.

“50 West 23rd Street is a newly renovated office building that has become a hub for the tech and digital media community in NYC,” said Douglas Regal of Cushman & Wakefield. “This transaction unified Dailymotion’s U.S. headquarters as it allowed all employees to consolidate on one floor. Prior to this sublease, the employees worked from two, unconnected floors.”

The Vivendi-owned video technology company, which has offices in key markets around the world, recently announced a platform relaunch designed to prioritize trustworthy and premium video content. The user platform is available on desktop, mobile, and over-the-top (OTT) devices. Dailymotion’s content syndication and video player technology partners include renowned digital publishers such as BBC, VICE, Genius, Condé Nast Entertainment, Stadium Sports, and Universal Music Group.

“We were thrilled to execute on a strategy that required flexibility, collaboration and delivery on such a unique timeline in a submarket as competitive as Midtown South,” added Evan Algier of Cushman & Wakefield.

50 West 23rd Street is a 340,634-square-foot, 13-story building that offers fully modernized spaces, new heating and cooling systems, and a renovated lobby and elevators. The 11th floor is a roof garden that also provides tenants an alternate outdoor work area and flexible event space with expansive views of Manhattan.

Located in the heart of the Flatiron District, the property is situated near an abundance of retail, dining and entertainment options including Madison Square Park and Union Square. The property is also easily accessible via the 1, 2, 3, F, M and R subway lines.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Dailymotion:

Dailymotion is the player technology and video platform for discovering the events and ideas that keep the world surprising and diverse on four main topics: news, sports, music, and entertainment, as well as comedy skits, political debates, fashion shows, gaming live-streams and more. Launched in 2005, Dailymotion commands a global audience of 300 million entertainment-seekers who frequent the site and its dedicated mobile experience to surface the most relevant professional video content based on their unique tastes and interests. Dailymotion is owned by Vivendi, a Paris-based multinational media company. For more information, visit www.dailymotion.com.