NEW YORK—ServiceNow, a cloud-based services provider for enterprise IT operations, has signed an 11,841-sq.-ft. lease at One Grand Central Place. The firm, which originally signed a 4,969-sq.-ft. lease at the property in 2009, will be relocating to a larger space on the property’s 12th floor.
Jim Abarta, Brian Given and Sheena Gohil of Colliers International represented ServiceNow in the lease negotiations, while William Cohen and Ryan Kass of Newmark Grubb Knight Frank represented the landlord.
Owned by W&H Properties, One Grand Central Place is supervised by Malkin Holdings LLC. Situated opposite from Grand Central Terminal, One Grand Central Place stands 55 stories high and offers in-building access to Grand Central Terminal. Other amenities include a visitor center, conference center, in-building dining and a tenant messenger center.
The property has undergone an $85 million capital improvement, which includes upgrades to windows, elevators, air-conditioned public corridors and updates to building-wide systems, including electrical, plumbing, HVAC and security.