Empire Office to Relocate Corporate HQ to Midtown South After 60 Years Downtown
30 Jan, 2007, New York
Cushman & Wakefield represents furniture dealership in move to 387 Park Ave. South
Cushman & Wakefield announced today that Empire Office, the largest national office furniture dealership in the United States, will relocate its corporate headquarters to Midtown South after 60 years in Downtown Manhattan.
Empire Office signed a 10-year, 26,369-square-foot lease for the entire seventh floor and part of the sixth floor at 387 Park Avenue South. The company will relocate from 125 Maiden Lane, which is slated to be converted to commercial condominiums.
Cushman & Wakefield Executive Vice President Stuart Romanoff and Senior Director Jared Horowitz represented Empire Office in its site selection and in lease negotiations with the landlord, Rockrose Development Corporation.
“Empire Office’s new corporate headquarters will allow the firm to remain in close proximity to many of its existing clients in a neighborhood with a diverse and vibrant tenancy,” said Mr. Romanoff.
Founded in 1946, Empire Office provides leading businesses with office furniture and services, including purchasing, delivery, installation and project management.
Located on the northeast corner of 27th Street, 387 Park Avenue South is a 14-story office building totaling about 200,000 square feet. In addition to Empire Office, major tenants include Perseus Publishing, Sterling Publishing and M. Shaken Communications. Empire Office’s lease brings the building to 100 percent occupancy.
The landlord was represented in-house by Director of Leasing Chip Sealy, and by Billy Cohen and Matt Leon of Newmark Knight Frank.
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Founded in New York City in 1917, Cushman & Wakefield is the largest New York-based commercial real estate firm and the preeminent global real estate services provider. From its Midtown Manhattan world headquarters, the firm operates more than 195 offices in 55 countries around the globe and employs more than 11,000 professionals. In addition to office brokerage, Cushman & Wakefield maintains one of the industry’s strongest retail services groups. The firm is New York City’s largest property manager, with more than 54 million square feet of property under management. The company is a leader in investment sales, valuation, research and other advisory services. Cushman & Wakefield maintains eight full-service offices in the New York/New Jersey region. In addition to Midtown and Downtown Manhattan, Cushman & Wakefield maintains leading metropolitan area offices in Stamford, Conn., White Plains and Melville, N.Y., East Rutherford, Edison and Parsippany, N.J. To find out more about Cushman & Wakefield, visit the firm’s Web site at www.cushwake.com.
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