Lease Beat

IT Consultants Get New Lease at Old Home

242 West 36th Street

For one information technology management firm, the grass was not greener on West 37th Street. Now Precision IT Group will move a block south to its former building at Kaufman Organization‘s 242 West 36th StreetCommercial Observer has learned.

The company, which provides personalized IT and consulting, will grow later this month from its 4,000-square-foot headquarters at 237 West 37th Street to a 6,317-square-foot space on the third floor of the Garment District property. The company signed a seven-year, four-month lease for space in the building, which carried asking rents of roughly $40 per square foot, Kaufman officials said. Read More

Lease Beat

Paramount Merchant Funding Grabs 3K More in Garment District

Courtesy of NYRej

Paramount Merchant Funding has increased their presence in New York.

The capital funding services firm will be taking an additional 3,037 square feet at the Kaufman Organization-owned 242 West 36th Street. The firm had previously occupied 6,500 square feet in the building, bringing their total square footage to 9,537. The design of the new space will be an open floor plan with individual offices.  Read More