March 12, 2020
Vitech, a provider of cloud-based administrative software, signed a long-term lease for 60,000 square feet across three full floors at Meringoff Properties’ 401 Park Avenue So. in Midtown South’s Silicon Alley.
With this deal, Vitech expands its headquarters space and staffing capacity by a full 50%, adding 20,000 square feet of net space.
“This new space in ‘Silicon Alley’ gives us significant growth capacity along with notable recruiting and retention advantages,” said Frank Vitiello, CEO of Vitech.
The deal was arranged by Lee & Associates NYC. The firm’s Dennis Someck, and Justin Myers represented Vitech in the deal. David Cohen, VP of leasing at Meringoff, represented ownership. The deal brings 401 PAS to 100% leased.
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