Language translation service company Morningside Translations expanded its space by an additional 805 square feet to occupy 9,316 square feet in the Kaufman Organization‘s Nelson Building at 450 Seventh Avenue between West 34th Street and West 35th Street, Commercial Observer has learned.
The five-year lease expansion at the building with asking rents in the mid $50s exemplifies a change in the neighborhood surrounding the structure that’s one block north of Madison Square Garden, said Barbara Raskob, the Kaufman Organization’s director of leasing.
“A long-term tenant of 450 Seventh Avenue, Morningside Translations decided to expand its office after a neighboring space on the same floor became available,” said Ms. Raskob in a prepared statement. “The building is located in a neighborhood that has shifted in recent years from a 9-to-5 industrial area to a 24/7 live-work-play destination. Easy access to commuter lines and the growing availability of recreational options have made this building ideal for Morningside’s clients and employees.”
Ms. Raskob represented both the landlord and the tenant in the deal for the company that provides legal, patent, life sciences and web site translations in more than 100 languages.
Skyscraper architect H. Craig Severance, who once lost to Chrysler Building architect William Van Alen in a struggle to see who could build the taller building between the Chrysler and the Bank of Manhattan Building, completed the 46-story art deco Nelson Building in 1930. Current tenants of the building include Citibank Real Estate and the Metropolitan Transportation Authority.