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Ergo Office Products Engineer Humanscale Moving North to the Grace Bldg

Signing 10-Year Lease for 33,000 SF, Tenant Leaves Gramercy Park Submarket for Midtown West
January 25, 2018
Humanscale, a designer of ergonomic products for office use, has signed a 10-year lease with landlord Brookfield Property Partners for new headquarters space at the Grace Building, which is situated directly across the street from Bryant Park at 1114 Avenue of the Americas (Sixth Ave.) in New York City.

The tenant has agreed to take 33,000 square feet on one floor of The Grace, and tells CoStar News that it will make the move during spring 2018.

The lease reflects a slight uptick from the 27,933 square feet of space it occupies in its current headquarters at 11 E. 26th St. in the Gramercy Park submarket, according to CoStar data.

In signing at the Grace Building, it will join notable tenants like HBO, which occupies about 345,000 square feet there, and consulting firm Bain & Company, which are leasing nearly 96,000 square feet.

Built in 1971, the 49-story tower spans more than 1.53 million feet, with about 415,000 square feet available for lease, listed with CBRE.

Humanscale founder and CEO Robert King said convenience of location made for a good fit, adding that the "Location of this iconic New York building will be a great benefit for our team as we open it up to more visitors and events."

Humanscale will design its own space, utilizing the extra square footage and opportunity for a reconfigurable layout to create a more expansive, experiential showroom than it currently has. The showroom is being designed in partnership with Verderame | Cale.

"Our new headquarters in the Grace Building represents a great opportunity for Humanscale to establish a space that is welcoming to our clients and reflects the values of our brand," King said.

JLL’s Paul Ferraro and Deb van der Hayden represented Humanscale in lease negotiations. Brookfield was represented by an in-house team of Alex Liscio and Duncan McGuaig along with a CBRE team comprised of Cara Chayet, Sara Pontius, Zak Snider, Kenn Rapp and Peter Turchin.

As it continues leasing endeavors at 1114, Brookfield is also busy next door with 1100 Avenue of the Americas. It signed a long-term, net lease there with The Swig Company in March 2017. Brookfield and The Swig Company will work together to redevelop the 386,000-square-foot, mixed-use asset and open-air plaza connecting it to The Grace Building.
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