Software Company Secures 26,000 SF in Union Square
Digital advertising and media management software developer Centro Inc. has leased two full floors at the Feil Organization’s 841 Broadway between East 13th and East 14th Streets, according to a press release issued by the building owner on Wednesday.
The press release stated that Centro will occupy 26,235 square feet on the building’s sixth and seventh floors. Neither the length of the lease nor the asking rents were disclosed.
“This lease brings the building back to full occupancy and demonstrates the continued strength of the Midtown South market,” said Robert Fisher, the director of commercial leasing for the Feil Organization, in prepared remarks. “Centro is a dynamic firm and we hope to be able to accommodate their future growth in the building.”
Centro is expected to move into the property in the second quarter of 2015.
Mr. Fisher represented the Feil Organization in negotiations and Avison Young’s John D. Ryan, Konstantine T. Sepsis and David Cohen represented Centro in the transaction. Avison Young could not immediately be reached for comment.
The property at 841 Broadway, built in 1894, includes 108,000 square feet and sits a block from Union Square. Other tenants at 841 Broadway include Chelsea Hotels, Max Brenner and EMC. The building has now reached 100 percent occupancy, according to the Feil Organization.