Finance Software Company to Move NYC Offices
The old Empire Blue Cross/Blue Shield Building just got a new TAMI (technology, advertising, media and information sector) tenant.
Boston-based EZE Software Group, a financial services platform provider, will relocate its New York City offices in the second quarter of the year from 1633 Broadway in Midtown to Charles S. Cohen‘s 622 Third Avenue, Commercial Observer has learned. EZE signed an 11-year, 25,000-square-foot lease for a portion of the 10th floor of the 39-story, 1-million-square-foot Grand Central Plaza building between East 40th and 41st Streets, officials with Cohen Brothers Realty Corporation said.
“We’re delighted to welcome this growing TAMI company to 622 Third Avenue,” Mr. Cohen said in a prepared statement. “It is yet another indication of the resurgence of the Third Avenue corridor as an alternative to Midtown South and a destination for top talent.”
Marc Horowitz, the director of office leasing for Cohen Brothers, represented the landlord in the lease, along with Colliers International brokers Robert Tunis and Alexander Jinishian. Bill Peters and Derek Trulson of JLL negotiated on behalf of the tenant, officials with Cohen Brothers said. The building commanded an asking rent of $60 per square foot, they noted.
Monster Worldwide, the parent company of job search engine Monster.com, recently signed a 10-year renewal at the property, which also boasts tenants like Hill Holiday, Erwin Penland, MRM Casanova, Draft & Draft, Orion, Area 23, Cooper-Horowitz, TMP Worldwide and Sterling National Bank. Base floors with 32,000 square feet of available space are currently on the market, Cohen Brothers officials said.
Representatives for JLL didn’t immediately respond to a request for comment.