News: Brokerage

Takasago International Corporation extends lease at 70 East 55th St.

Manhattan, NY According to OPEN Impact Real Estate (OPEN), a leading woman-owned commercial real estate services company specializing in nonprofit and impact real estate, Takasago International Corporation (USA), a 105-year-old Japanese specialty chemicals company and global leader in the creation of flavors and fragrances, has signed a 5.5-year lease extension for its 4,730 s/f office space on the 26th floor of Heron Tower, located at 70 East 55th St.

Lindsay Ornstein, Casey Noel, and Sasha Perlov of OPEN represented Takasago in the transaction. Paul Glickman, Diana Biasotti and Thomas Swartz of JLL represented the landlord, Amtad LLC / TAK Development Inc.

“OPEN's deep market knowledge and strategic approach made what could have been a stressful renewal process seamless and successful,” said Cutler Whitman, vice president of sales of Takasago International Corporation.

The new lease extension ensures Takasago will continue operating from its long-standing Midtown location while enjoying a refreshed workspace.

“OPEN was proud to represent Takasago in securing favorable renewal terms that enhance their working environment,” said Noel, vice president of OPEN. “We were able to ensure Takasago continues operating in a location that supports both their brand presence and employee satisfaction.”

Takasago’s continued presence at 70 East 55th St. offers employees access to the building’s exclusive new ‘Oasis’ amenity lounge, which features conference rooms, a huddle/phone room, outdoor seating, a game room, yoga room, showers and café seating for breaks away from the desk.

“This transaction underscores our commitment to aligning real estate strategy with our clients’ operational and cultural goals,” said Ornstein, co-founder of OPEN. “For Takasago, that meant preserving their prime Midtown location, gaining access to new building amenities, and refreshing their workspace—all in a way that strengthens their long-term business objectives.”

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