Pace Editions, a fine art publisher, is remaining in 33,250 square feet at 44 West 18th Street between Fifth Avenue and Avenue of the Americas, Commercial Observer has learned.
The company, which has sold prints since 1968, will continue using the entire fifth and eighth floors as an office, showroom, warehouse and fine art printing center, according to a spokesman for the broker, Adams & Co. It has been a tenant in the building for over 20 years.
The lease at the Forty Four Eighteen Associates-owned property is for seven years, and the asking rent was $62 per square foot, the spokesman said.
Built in 1906, 44 West 18th Street is 12 stories and 211,871 square feet, according to CoStar Group. Other tenants include furniture designer Ronald Jonas Interiors, which signed an early renewal for its 22,669-square-foot offices in the building last August, CO reported. And Ralph Pucci International signed a deal for 49,875 square feet at the property in 2014, CO noted.