Passlogix Expands To New Manhattan HQ

NEW YORK CITY-Locally based Passlogix Inc., a developer of enterprise single sign-on technology that automates user authentication to business applications, is moving its global headquarters from 160 Pearl St. to 75 Broad St. in lower Manhattan. Passlogix has occupied its current offices at 160 Pearl St. since 2000 and will more to the 33-story JEMB Realty Corp.-owned office tower, effective July 1.

A JEMB source tells GlobeSt.com that they are going to be located on part of the 8th floor and will occupy approximately 9,180 sf.

A Passlogix source tells GlobeSt.com that asking rent was $45, but they cannot disclose taking rent or aggregate lease value. Brokers were Wes Rudes from Murray Hill Properties for Passlogix and Frank Cento and Michael Mckenna of Cushman & Wakefield for the landlord. The source says that the attraction of the property versus 160 Pearl St. was the 24-hour security, onsite management, maintenance and services, class quality suitable for executive briefings, and “reliable telecom and power in the building.” Passlogix previously occupied 8,000 sf on two floors at 160 Pearl St.