News: Brokerage

Rovitz of Grubb & Ellis reps tenant in 16,000 s/f office lease at 519 8

­th AvenueNEW YORK, NY Grubb & Ellis Co. has represented Pearl Studios NYC in the lease of 16,000 s/f of office space at 519 8th Ave., from the Kaufman Organization. The location represents an expansion for the company, bringing its presence in that area to 50,000 s/f. Pearl Studios NYC's other location is across the street at 500 8th Ave. "Pearl Studios NYC needed a very specific kind of space: high ceiling clearance and wide column spacing in a property where ownership supports non-traditional uses," said Ira Rovitz, senior director, office group at Grubb & Ellis, who represented Pearl Studios NYC. "At 519 8th Ave., we think we found an ideal location for the company's growth." Rovitz also represented the company in its 35,000 s/f lease at 500 8th Ave. in 2007.
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