Lease Beat

ICR Signs On at 685 Third Avenue

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Integrated Corporate Relations, a financial communications consultancy, will relocate to 685 Third Avenue, The Commercial Observer has learned. The company has signed a 10-year lease for the entire 22,372-square-foot second floor at the East Midtown property.

Asking rent for the second floor space was $55 per square foot but ICR will pay starting rent of approximately $50 per square foot, according to data from CompStak. A listing on Agorafy indicates asking rent for the 22nd floor at the TIAA-CREF-owned building is $68 per square foot. Read More

Lease Beat

Epiq Systems to Ink 100,000 SF Deal

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Technology firm Epiq Systems is on the brink of signing a lease for roughly 100,000 square feet of office space at 685 Third AvenueThe Commercial Observer has learned.

A source familiar with the deal said it was slated to close towards the end of last week, but the deal had not closed by press time.

“A couple more days,” the source said. Read More

Lease Beat

Salesforce.com Swaps Grand Central Spaces, Takes New Office at 685 Third Avenue

685 Third Avenue (photo courtesy of CoStar)

Salesforce.com has inked a 10-year lease for 74,349 square feet at 685 Third Avenue, the TIAA-CREF-owned office building in the Grand Central area.

The tech company, which offers cloud-computing services, will be taking a much larger office than the 16,350 square foot office space it currently has at 2 Grand Central, which it will be vacating in favor of 685 Third Avenue.

Cushman & Wakefield’s Gus Field represented Salesforce.com in the deal.  Read More