Tech Firm Travel Tripper Relocating Offices Within Midtown East
Travel Tripper has agreed to take the entire, roughly 10,000-square-foot 12th floor at the 39-story, 1-million-square-foot office tower between East 40th and East 41st Streets, according to the Charles S. Cohen-led real estate development and management firm.
The tenant signed a seven-and-a-half-year lease last month for its space at the building, also known as Grand Central Plaza. The technology firm is expected to move in the third quarter from its current home at Unizo Holdings’ 370 Lexington Avenue, located one block west of 622 Third Avenue.
Asking rent in the transaction was $65 per square foot. Marc Horowitz represented the landlord in-house, while Joshua Stein of Norman Bobrow & Company represented Travel Tripper.
In a statement, Horowitz said 622 Third Avenue is now more than 95 percent leased. Cohen acquired the office tower from health insurer Empire BlueCross BlueShield for nearly $172 million in 1997. Advertising firm McCann anchors the property with roughly 400,000 square feet of office space, according to CoStar Group.
A representative for Norman Bobrow & Company did not immediately provide comment.
Travel Tripper provides a web-based central reservation system to hotel industry clients. The company also has offices in London and Hyderabad, India.