Daily fantasy sports platform FanDuel is increasing by 32,000 square feet in its Midtown South move to 300 Park Avenue South, according to The Real Deal.<\/p>\n
The gaming site, which compresses fantasy sports seasons typically into a single game per day, is relocating from a 9,000-square-foot office. It will now take the top three floors, about 41,000 square feet, of the 14-story building between East 22nd and East 23rd Streets.<\/p>\n
The average asking rent in the building is $80 per square foot, TRD reported. It wasn\u2019t immediately clear for how long the lease is, but FanDuel will move to 300 Park Avenue South this October.<\/p>\n
Robert Kennedy of Colliers International represented FanDuel, while Mikael Nahmias of Cushman & Wakefield represented landlord Rockrose Development. Messrs. Kennedy and Nahmias were not immediately available for comment.<\/p>\n
FanDuel is likely going to need more space after a hefty round of fundraising. The six-year-old company just raked in $275 million during a Series E round, according to Crunchbase, which tracks fundraising. Private equity firm KKR led that round, and other investors include Time Warner Investments, Google Capital and NBC Sports Ventures.<\/p>\n
FanDuel will be joining other prominent tenants in the 185,000-square-foot building such as the Smithsonian Institution and the New York State Council on the Arts.<\/p>\n