Agents of Tech

Password Management Firm Doubles Footprint to 33K SF in Flatiron District Following $110M Funding Round

Photo courtesy of Dashlane

Adams & Co. Real Estate, LLC, Manhattan’s premier full-service real estate firm, has announced that Dashlane, a global technology firm specializing in digital identity and password management, has signed a 16,625-square-foot, 10-year lease to expand its U.S. headquarters at 44 West 18th Street. The award-winning firm will custom-build and utilize the full third floor, in addition to the full fourth floor the firm leased in April of this year, for its executive and general offices. The expansion, which brings Dashlane’s footprint to a total of 33,250 square feet in the building, follows the company’s recent $110 million Series D fundraising round, led by Sequoia Capital.

James Buslik and Alan Bonett of Adams & Co. represented the landlord, Forty Four Eighteen Associates, while Marc Shapses, Seth Wasserman and Roi Shleifer of Savills Studley represented the tenant in the transaction. Asking rent was $76 per square foot. Dashlane is expected to take occupancy of both floors by September 2019.

“Dashlane continues its rapid growth with investments in our product, leadership, team, and now, our office space. We’re looking forward to continuing our growth trajectory as a company right here in the Flatiron District,” said Emmanuel Schalit, CEO of Dashlane.

Dashlane simplifies and secures your digital identity across all platforms and devices. The intuitive Dashlane app saves customers an average of 50 hours per year by automatically filling and storing passwords, personal data, and payment details and includes a suite of tools to help you manage, monitor, and protect your digital identity. Available in 11 languages and trusted by 11-plus million people in 180 countries, it’s the complete, global solution for living safely and seamlessly online.

“Dashlane is a prime example of the many rapidly growing tech firms that continue to choose the Flatiron District as the ideal neighborhood to locate and expand their offices given the strong transportation options of the area and its attractive lifestyle amenities,” said Buslik. “The flexible layouts of 44 West 18th Street will allow the Dashlane team to custom-design their office spaces across two full floors in a manner that will easily facilitate creativity and collaboration for the firm.”

Constructed in 1906, 44 West 18th Street is a 179,186-square-foot, 12-story building located in the heart of New York’s tech hub in the Flatiron District. The building features six elevators, onsite security, 24-hour access, centralized A/C and recently renovated bathrooms and windows. The property is conveniently located near the F, N, R, Q, W, 1, 2, 4, 5, 6 and PATH trains.

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