TAMI Tenant Signs at 381 Park Avenue South



381 Park Avenue South
381 Park Avenue South.

Technology firm RW-3 has signed a seven-year lease for space at 381 Park Avenue South, Commerical Observer has learned.

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RW-3 will move from its current location at 55 Fifth Avenue to its new home, where it will occupy 2,303 square feet of space on a portion of the building’s 10th floor. The building, an art deco property owned by ATCO Properties & Management, sits on the southeast corner of East 27th Street and was constructed in 1909.

“We’re delighted to welcome RW-3 to our building, which is conveniently located between Madison Square Park and all major transportation hubs,” said Kate Goodman, co-president of ATCO, in a prepared statement.

ATCO Brokerage ServicesJohn K. Lord represented the landlord, while Capstone Realty AdvisorsJarad Winter represented RW-3. Asking rent was $55 per square foot.

Other tenants in the building include fabric company Source360, New York law firm Goldstein, Rikon, Rikon & Houghton and tattoo removal practice Tataway.

RW-3 plans to move into its new space sometime this fall.