Lapidus of GFP Real Estate renews Tillotson Design Assocs'. 4,972 s/f lease at 40 Worth St.

Manhattan, NY According to GFP Real Estate, Tillotson Design Associates, Inc. has signed a 4,972 s/f lease renewal at 40 Worth St. in TriBeCa. The firm extended its commitment with a new five-year lease and will continue its occupancy immediately.

Roy Lapidus of GFP Real Estate represented the landlord, GFP Real Estate, and the tenant.

Tillotson Design Associates is a lighting design firm known for its approach to architectural lighting.  The company will continue to operate from its corner unit, which features natural light and high ceilings.

“Tillotson Design Associates has built a strong presence at 40 Worth over the years, and this renewal reflects both their steady growth and the value they place on being in the building,” said Lapidus. “It’s a great example of a tenant and ownership working together long-term to create the right environment for a creative, design-focused firm.”

Located in TriBeCa, 40 Worth St. — also known as the Merchants Square Building — is a neo-classical property built in 1929 by Jardine, Hill & Murdock. The full-block building offers nearly 800,000 s/f of space, with large floorplates, oversized windows, and a tenant roster that includes  non-profits and creative firms.

The renewal underscores both the tenant’s long-term growth and its strong partnership with ownership, which has supported the firm’s expansion over the years.