Lee & Associates NYC completes two direct office lease renewals totaling 11,360 s/f at 149 West 36th St.

Manhattan, NY Lee & Associates NYC has completed two direct office lease renewals totaling 11,360 s/f at 149 West 36^th St. in the city’s Penn Plaza/Garment District, reinforcing the property’s ability to retain long-term tenants seeking centrally located office space with exceptional transportation access.

The transactions include an eight-year renewal by Excel Graphics, a full-service printing and graphics company, for its entire 4,500 s/f space on the fifth floor. The renewal enables the company to support its long-term growth while maintaining a location that offers access for employees and clients alike. Excel Graphics first moved into the building in 2019.

The second transaction was a six-year renewal by Cynde Altheim Interiors, an interior design firm specializing in residential and commercial projects, for its 6,740 s/f space on the third floor. The company first moved into the building in 2014.

Noah Caspi and Todd Korren of Lee & Associates NYC represented landlord, The Frangene Co. in both direct lease transactions. The property is managed by GFP Real Estate.

“These renewals demonstrate the value of well-located Midtown office buildings that continue to meet the needs of established businesses,” said Korren. “Both tenants carefully evaluated their options before committing to long-term renewals and ultimately recognized the advantages of remaining at the building. Retaining quality tenants through direct negotiations is a win for both ownership and the occupants in any market.”