GramercyOne Subleases Former ContextWeb Space at 22 Cortlandt Street from PulsePoint

GramercyOne, a leading provider of cloud-based business management and marketing software to businesses, has recently signed a sublease to take over the former ContextWeb space at 22 Cortlandt Street.  The space, located on the eighteenth floor of the building, was formerly occupied by ContextWeb, who recently merged with Datran Media (another OLC client) to form PulsePoint.  GramercyOne signed a sublease for 16,600 square feet, which comprises the entire eighteenth floor.

22 Cortlandt Street is a thirty-four story, 650,000 square foot property constructed in 1973. Its major tenants include New York State, Municipal Credit Union and Century 21, in addition to GramercyOne.

GramercyOne’s products are marketed under industry specific Booker brands and include SpaBooker, SalonBooker, FitnessBooker and OneBooker. The Booker Platform is now used by more than 10,000 businesses in 68 countries – from multi-national enterprises like Hilton Worldwide to single location spas, fitness centers, salons, medical practices, and local service businesses. More than 1,000,000 transactions are processed each month on the Booker Platform, averaging over US $2.5 million in value per day. GramercyOne helps businesses reach their potential by integrating innovative technology with the latest marketing practices. This powerful combination enables GramercyOne’s clients to stimulate new business, enhance customer retention, manage internal operations, drive retail sales and become more profitable.

In October of 2011, GramercyOne closed its Series A round of $14.5 million in funding. Revolution Ventures led the investment round, with Grotech Ventures, TDF, and Jubilee Investments providing the remainder of the funding.

GramercyOne was represented by OLC’s Jack Petrie. This transaction demonstrates the desirability of move-in condition, short-term sublease space in all parts of Manhattan. GramercyOne was formerly located on Park Avenue South in the Gramercy Park submarket.