May 20, 2019
Healthcare communications and advertising agency 21GRAMS has signed a 14,000-square-foot direct office lease at ATCO Properties & Management’s 381 Park Avenue South in the Flatiron District.
As part of the agreement, 21GRAMS will sublease a portion of the building’s fifth floor from Williams Lea beginning in June. The agency will transition to a direct lease with building ownership after the expiration of the sublease in April 2020.
In addition to the relocation for 21GRAMS, ATCO has completed a new two-year deal for production company 368 Third Owners LLC for 2,954 square feet, and a five-year, 1,842-square-foot transaction with Forefront Communication Group.
William Carr, Peter Goldich and John Cinosky of ATCO Brokerage Services represented the landlord in all three transactions. Michael Pinney of Signature Partners represented 21GRAMS; Harlan Cygielman of Manhattan Realty Advisors LLC represented 368 Third Owners LLC; and Marc Mas of Legacy NY represented Forefront Communications Group.
For comments, questions or concerns, please contact Paul Bubny