Video advertising agency Tremor Video will more than triple its headquarters next year through a 50,965-square-foot lease at the Paramount Building at 1501 Broadway in Times Square, Avison Young announced yesterday.
The digital advertising firm, which boasted a nearly 31 percent jump in revenue over the past year, according to its website, will relocate from a 16,000-square-foot space at 53 West 23rd Street in Midtown South and eventually occupy the entire eighth floor of the building once known for being the home of the motion picture company bearing its name, Avison officials said.
AKF Group, a consulting engineering firm, is relocating from its office at 1501 Broadway in Times Square to 1 Liberty Plaza in the Financial District.
First reported by The Wall Street Journal, AKF will occupy space on the 22nd and 23rd floors of the 54-story structure owned by Brookfield Properties. The firm signed a 16-year lease at the end of last week for 57,000 square feet of office space.
The fast-growing Avison Young continued its hiring spree and physical growth spurt by announcing today that Ted Stratigos would lead the firm’s new Long Island office.
Mr. Stratigos comes to Avison after 33 years at Cushman & Wakefield‘s Long Island branch, where he most recently served as a Principal and Managing Director. The Canadian firm has expanded to 50 offices from 11 just four years ago.
Avison Young entered the U.S. market three years ago and, with the help of former CBRE broker Greg Kraut, has managed to establish an impressive beachhead in the New York tristate market. Kraut, now principal and managing director at Avison Young, has built a team of stars that includes former brokers from Grubb & Ellis, Read More