Leases  ·  Office

In Record Time Marketing Company Lands New Digs in Midtown

reprints


It was just the right time for In Record Time to find new offices.

The marketing, branding and product design company has signed a 5,202-square-foot lease at Newmark Holding’s 505 Eighth Avenue, Commercial Observer has learned.

SEE ALSO: The End of the Super Broker Era in Commercial Real Estate

In Record Time will occupy a part of the sixth floor of the 25-story building, which is located on the corner of West 35th Street and Eighth Avenue. The asking rent for the 10-year deal was $45 per square foot.

The company is moving on Dec. 1 from 575 Eighth Avenue between West 38th and West 39th Streets, where it occupies a slightly larger 5,411-square-foot space, but wanted a “new, fresh and updated space,” according to a spokeswoman.

“This is a well-located property in the heart of the Garment District and offered everything the tenant was looking for,” Allen Gurevich, a senior managing director of Newmark Holdings who represented the landlord in-house, said in prepared remarks. “In addition, ownership has already committed to providing a new installation for the tenant’s showroom and office.”

The 275,000-square-foot building was constructed in 1926. It has 24/7 access and an attended lobby. Newmark Grubb Knight Frank’s Chris Mongeluzo and Corey Borg represented the tenant, but the brokers did not immediately respond to a request for comment via a spokeswoman.