Kicked out of eBay’s digs in Chelsea due to their imminent “divorce,” PayPal will expand and move to 95,000 square feet at 95 Morton St. in the West Village.
Frederick Fackelmayer, Sacha Zarba, Jeff Black, Ben Friedland and Michael Hirsch of CBRE represented PayPal in the 12-year deal.
The CBRE team moved San Jose-based eBay and its payments subsidiary to their current 35,000 feet at 625 Avenue of the Americas.
Paypal will vacate that space this summer when it is spun off as a separate company. Paul Kotcher represented the Brickman Associates ownership, in-house.
PayPal will have a block of four floors in the building at the corner of Washington Street, which will have asking rents of $80 a foot for any upcoming space.
Kotcher said PayPal will have a branded private lobby and entrance on the cobblestone Barrow Street, where two entirely new elevators will be installed.
