Lease Beat

CPEX Moves to 81 Willoughby Street

 CPEX Moves to 81 Willoughby Street

The new office. (Courtesy of CPEX)

CPEX Realty Services will be moving from its first home to 81 Willoughby Street in the beginning of April.

Found by prominent commercial industry leaders Timothy King and Brian Leary in 2008, CPEX has worked out of a 4,000 square foot unit at 350 Livingston Street. Their other offices – one in Manhattan and another in New Jersey – will continue operations.

The new office will double the space of their previous office, up to 8,000 square feet, and will sit on the top floor of a landmark building. The unit features aesthetic luxuries such as sixteen foot ceilings and stained glass skylights. CPEX will be able to house up to 55 workstations, as well as a training room, conference room, lunchroom, and an extensive library.

“The growth of our sales and leasing teams, in addition to the increased demand for our Business Services, Advisory & Acquisition teams has created a need for larger space,” said Gregory Roberts, chief operating officer, in a release.

In-house managing partner, Tim King, represented CPEX in the lease deal. The asking rent was $20 per square foot and the lease length was set for five years with a five year option.

Mr. King has over forty years of experience in real estate operations, sales, and leasing. As managing partner, Mr. King now overseas te firm’s business development and business line divisions.

Follow Michael Ewing via RSS.