Infor Expands, Again, at 635-641 Avenue of the Americas [Updated]
Jennifer Henderson July 30, 2014, 8 a.m.
Infor has expanded again at 635-641 Avenue of the Americas between 19th and 20th Streets. The business software company has signed a lease for the duplex penthouse, increasing its total space at the property by 21,802 square feet, the New York Post reported, to just over 114,000.
Infor signed its expansion in April, and plans to occupy the space in May of next year, according to a spokesman for the company. The penthouse will be customized to include open office space, a showcase area for customer visits, an auditorium and outdoor rooftop space.
[Infor] “has grown exponentially to accommodate the demand for their business base,” Bruce Mosler of Cushman & Wakefield told Commercial Observer. He represented the tenant along with colleagues Mark Mandell, Doron Etzioni and Ethan Silverstein.
The seventh and eighth floor space will be used by Infor’s Hook & Loop division, which focuses on changing the way “workers interact with software” and has grown to over 80 employees, according to an Infor spokesman.
The penthouse at SL Green Realty Group’s 635-641 Avenue of the Americas follows Infor’s previous expansion at the same address late last year, as Commercial Observer previously reported, which doubled the company’s space to 92,246 square feet.
The 271,000-square-foot property is now 100 percent leased, the building owner’s leasing director Steven Durels, told the Post. The adjoining buildings are being redeveloped as one property.
SL Green’s multi-million capital improvement project at 635-641 Avenue of the Americas includes infrastructure improvements, along with high-end amenities such as the glass duplex penthouse and a rooftop space with bocce ball court, according to a spokesman for JLL.
Redevelopments have made the historic property, “one of the nicest buildings in Midtown South,” Mr. Mosler, some of which include a new lobby and penthouse, along with a revitalized façade.
Paul Glickman of JLL represented building ownership in the transaction, along with a team including Diana Biasotti.
Mr. Durels didn’t immediately respond to a request for comment.
Update: This story was edited to reflect the JLL brokers on the deal.