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PayPal Bets on the West Village

NEW YORK CITY—The digital payment firm is shifting its local headquarters from Midtown South in a long-term lease.

By Rayna Katz | Updated on May 13, 2015

NEW YORK CITY—PayPal has agreed to relocate its New York headquarters to 95 Morton St. in a 95,000-square foot lease. The digital payments company will more than double its space in the move to the West Village from Midtown South.

CBRE‘s Frederick Fackelmayer, Sacha Zarba, Jeff Black, Ben Friedland and Michael Hirsch represented PayPal in the 12-year lease. The CBRE team also represented eBay/PayPal in its prior 35,000-square-foot lease at 625 Ave. of the Americas, which the tenant will vacate this summer.

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