Sizmek Technologies signs 21,100 s/f lease at Meringoff Properties' 401 Park Avenue South; Stein and Vacker of Meringoff act in-house on behalf of ownership

Sizmek Technologies Inc., one of the world's leading independent ad management and distribution platforms, has signed a 21,100 s/f lease for the entire fifth floor of Meringoff Properties' 401 Park Ave. South. The lease commitment completes ownership's comprehensive leasing program during which 150,000 s/f was leased at the renovated and repositioned 12-story office building. The building features two recently renovated lobbies and all new building systems. "The response to our aggressive leasing efforts was extraordinary," said Stephen Meringoff, principal. "In less than a year, we entered into leases with a remarkable group of companies including Sizmek, WeWork and xAd, each of whom are leaders in their respective industries." They join an already impressive existing tenant roster that includes Time Warner Cable, the New York School of Interior Design and Vitech Systems Group, who renewed late last year. Justin Royce of Cushman & Wakefield represented Sizmek in the transaction, while Mark Stein, SVP and Jason Vacker, VP, of Meringoff Properties acted in-house on behalf of ownership. Gene Caiola Esq. of Kilpatrick Townsend & Stockton LLP acted for the tenant, while Robert Sorin, Esq., Jennifer Yashar, Esq., and Karen Lee, Esq., of Fried, Frank, Harris, Shriver & Jacobson LLP represented the landlord.