June 24, 2019 – Dennis Someck, Executive Managing Director/Principal, and Justin Myers, Senior Managing Director/Principal, of Lee & Associates NYC have arranged a four-year, 9,800-square-foot sublease on the entire 15th floor at 432 Park Avenue South for the office of Vitech Systems Group, one of the world’s leading providers of financial and benefit administration software.
The company serves insurance, retirement and investment organizations and their 100-plus clients include the industry leaders in each of their markets. This new sublease represents an addition to Vitech’s existing office space at 401 Park Avenue South, where they have 42,000 square feet spread across two floors.
“I have represented Vitech for more than 25 years and their success has continued to necessitate more space,” explains Mr. Someck, who represented the tenant in this transaction with his partner, Justin Myers. “This new full-floor expansion space is just steps from the existing office, making for convenient travel between the two locations.”
The sublandlord, Wild & Wolf, was represented by Elliot Warren and Marie Mosseri of the Kaufman Organization. The building owner is Samco Properties. Vitech Systems Group is expected to take occupancy in the new space immediately. Asking rent was $59 per square foot.