Cresa Arranges New Offices for Greek Skincare and Cosmetic Company

July 17, 2019 – Cresa Advisors Thomas P. Sullivan, Principal, and David P. Danick, Senior Vice President, have arranged a 10-year lease for a 10,000-square-foot space on the 11th...
Thomas Sullivan

July 17, 2019 – Cresa Advisors Thomas P. Sullivan, Principal, and David P. Danick, Senior Vice President, have arranged a 10-year lease for a 10,000-square-foot space on the 11th floor of 80 Maiden Lane for all-natural Greek skincare and cosmetic brand Korres USA. The lease represents a significant expansion for Korres, which currently has 4,500-square-foot offices on the same floor of the 25-story Financial District tower.

“Our client needed to expand its offices and really liked the building” says Mr. Sullivan. “The ability to relocate on the same floor to more than double the original space presented a golden opportunity.”

Adds Mr. Danick, “Eighty Maiden Lane is an exceptionally well-operated office building with a prime downtown location close to transportation hubs, restaurants and services. All parties were satisfied with the end solution.”

The landlord, AM Property Holdings Corp., was represented inhouse by Paul Wasserman. A standard tenant installation is being provided by the landlord, which includes perimeter offices, pantry, and an open-plan workplace area able to accommodate more than 60 people. Korres is expected to take possession of its new offices in the Fall.

Categories
CommercialDealsLeasingNationalNew YorkNortheastOffice

RELATED ARTICLES