New York City-based Volt Information Sciences, which provides staffing services and technology management consulting, is moving to Durst Organization’s 1133 Avenue of the Americas between West 43rd and 44th Streets.
The publicly listed company inked a 14,686-square-foot lease to occupy the entire 15th floor in the 45-story building, as the New York Post first reported. The lease was for 10 years and the asking rent was $75 per square foot, according to Tanya Grimaldo of Durst.
Volt is not a newcomer to the building; in fact, it occupied a space in the building in the 1980s.
“Volt used to be our tenant so they’re familiar with the landlord,” Ms. Grimaldo, who represented Durst in-house with colleague Rocco Romeo, told Commercial Observer. “The close proximity to [Bryant Park] made a difference in terms of views as well.”
Volt is currently two blocks down at 1065 Avenue of the Americas between West 40th and West 41st Streets, where it occupies 18,700 square feet, according to CoStar. It is expected to move into the new space in the next two weeks, Ms. Grimaldo said.
David Mainthow, Jonathan Schindler and Aron Schreier of Cushman & Wakefield represented the tenant in the 1133 Avenue of the Americas deal. Mr. Mainthow declined to comment.
In 2013, Durst gave the building a $10 million upgrade that included extensive lobby renovations and new interior to the elevators. Major tenants include Zurich-based ACE Insurance and commercial law firm Patterson Belknap Webb & Tyler. Bank of America signed a 10-year renewal for its office space, which spans over five floors, as CO reported in June.