Trade Desk Backfills 126K-SF Vacated by Bain & Co upon Planned 235K-sf Relo
The recent completion of $250 million in renovations has paid off at 22 Vanderbilt Avenue. The building, formerly branded the Company Building under the address of 335 Madison Avenue, attracted five new leases totaling 460,000 square feet. Bain & Company’s relocation and expansion deal for 235,200 square feet spread across four floors at the tower was the largest amongst the transactions. The management consulting firm’s current office is at the Grace Building, located at 1114 Avenue of the Americas; and upon the planned 2026 relocation, California-based technology firm Trade Desk will occupy the 126,000 square feet that Bain & Co. is vacating, having already signed a lease to backfill the space. Trade Desk initially moved to the Grace Building in 2018 after signing a roughly 95,000-square-foot lease, continuing to expand within the building over the years with the latest deal increasing the digital advertising platform’s footprint to 155,000 square feet. The remaining four deals at 22 Vanderbilt included separate 80,000-square-foot leases by TD Securities and law firm Duane Morris, a 40,000-square-foot lease by wealth manager AlTi Tiedemann Global, and a 25,000-square-foot lease by global law firm Kennedys. Financial and lease terms of the deals were not released.