Tech Firm To Add Additional Floor in Midtown South


3 Park Avenue
3 Park Avenue.

Digital analytics company Return Path will expand its headquarters by an entire additional 23,000-square-foot floor at Charles S. Cohen‘s 3 Park Avenue between East 33rd and East 34th Streets in Midtown South, Commercial Observer has learned.

The company, which leased the 41st floor penthouse at the building last year, will incorporate new space in the next week or so on the 30th floor that features panoramic views, a modern finish and 14 corner offices. Return Path will operate from a 46,000-square-foot footprint at the building when it assumes occupancy and the additional floor carried asking rents of $65 per square foot, Cohen Brothers Realty Corp. officials said.

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“We’re delighted that one of the top names in New York’s tech community continues to grow its business at 3 Park Avenue,” Mr. Cohen said in a prepared statement. “The views, amenities and access to transit at our building are second to none.”

Marc Horowitz, the director of leasing at Cohen Brothers, represented the landlord in the deal, while Ira Rovitz, a managing director at Newmark Grubb Knight Frank, negotiated on behalf of the tenant in the long-term transaction.

Return Path, which provides email analysis, research and methods to direct business clients and mailbox servicers, keeps offices in 10 cities across seven different countries, according to Cohen Brothers.

Other tenants at the property include Cintra Software & Service Inc., adMarketplace and international advertising company Carat. The Norman Thomas High School operates on the first 11 floors of the 41-story, 600,000-square-foot building.