EDM Americas Signs Lease at 450 Seventh Avenue
Document management specialist EDM Americas has signed a 3,135-square-foot lease at 450 Seventh Avenue, Commercial Observer has learned. The Midtown location will be the company’s first New York office.
“The tenant’s space is a very lovely unit with views to the south and east, probably the most desirable views in the building,” said Barbara Raskob of the Kaufman Organization, who represented the landlord.
The Kaufman Organization is building out the space for the tenant, complete with kitchen, reception area and conference room. The space is expected to be available for occupancy in mid-March. Asking rent for the space was in the mid-$50s per square foot.
Previously known as Diversified Information Technologies, EDM Americas was rebranded last month following the company’s acquisition by EDM Group of the United Kingdom.
Built in 1929, 450 Seventh Avenue boasts 97 percent occupancy and is within walking distance of New York’s major transit hubs. The building’s tenant roster includes the Metropolitan Transit Authority, Community Board 5, as well as a number of finance and IT firms.
Alex Smith and Andrew Rosenberg of Newmark Grubb Knight Frank represented the tenant.