Office Furniture Company Takes 10K-SF Sublet at Paramount Building
Liam La Guerre April 25, 2016, 11:06 a.m.
The company, which provides office furniture, has already moved into part of the building’s eighth floor, which is leased by Tremor Video. The asking rent for the eighth-floor sublease was $60 per square foot, according to CoStar Group.
CBRE’s Michael Liss, who represented Office Resources in the deal, declined to comment via a spokeswoman.
It was not immediately clear where Office Resources will relocate from. The company website indicates it has a New York City location at 76 Ninth Avenue between West 15th and West 16th Streets, a building which Google purchased for $1.9 billion in 2014. (The building has an alternative address of 111 Eighth Avenue). A representative for Office Resources did not return calls seeking comment.
Office Resources acquired New York City rival Office Limited, which was in Google’s building, in December 2015, according to a company news release at the time, allowing the Massachusetts firm to expand in the city.
The sublandlord, an advertisement company that makes web videos, signed a 10-year, 51,000-square-foot lease at the Paramount Building two years ago, as Crain’s New York Business reported at the time.