Volunteer Matching Firm Takes Another 6K SF in Midtown South
Catchafire, a firm that matches skilled volunteers with nonprofit agencies, will double its Midtown South headquarters, Commercial Observer has learned.
The firm inked a five-year lease to take another 5,532 square feet at Windsor Management Corporation’s 31 East 32nd Street between Madison and Park Avenues, according to brokers Savitt Partners. Asking rent was $59 per square foot.
Catchafire started in 2009 with an 800-square-foot office in Windsor Management’s 118 East 28th Street between Park Avenue South and Lexington Avenue. The firm quickly expanded to 2,000 square feet at 31 East 32nd Street and currently occupies the entire 5,532-square-foot third floor of the 12-story property, a spokesman for Savitt Partners said.
The deal brings the firm presence to 11,064 square feet and it will move into its new offices on the entire fourth floor of the building in the first quarter of next year, the spokesman said.
Savitt Partners’ Elliot Zelinger and Corey Hight represented the landlord in the deal. Catchafire had no brokers in the deal.
“This newest transaction is a prime example of how valuable landlord-tenant relationships can provide mutual benefits,” Zelinger said in a statement.
Other tenants in the 72,000-square-foot property include real estate firm Bluestar Properties, antique rug dealer Nazmiyal Auctions and law firm Munzer & Saunders.