Tata Expansion, Renewal in Kalikow's 101 Park


101park tower Tata Expansion, Renewal in Kalikow's 101 Park

Tata Consultancy Services, which provides IT and outsourcing to a nationwide clientele, has signed an early renewal and expansion lease at its U.S. headquarters on Park Avenue, The Commercial Observer has learned.

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The company, which is part of the Tata Group, one of India’s largest conglomerates, arranged a 13,200-square-foot deal at 101 Park Avenue, where it has operated on the 26th floor for more than 20 years. The deal, which reflects an asking rent of $100 per square foot, will expand Tata’s office space from 10,238 square feet, brokers said.

Gus Field and John Cefaly of Cushman & Wakefield handled the building’s owner, HJ Kalikow & Co. Roshan Shah of CB Richard Ellis negotiated the 10-year lease for Tata following another deal he inked for the company at 1 World Financial Center in 2009.