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Pfizer Takes More Office Space

NEW YORK CITY-Pfizer, which a year ago acquired 685 Third Ave. in one of the largest corporate expansions in recent history, is taking additional space at 205 East 42nd St. The expanding pharmaceutical company now occupies headquarters space at 235 East 42nd St. and a quarter of a million sf down the street.

By Barbara Jarvie | Updated on April 20, 2004

NEW YORK CITY-By inking a deal for 41,000 sf, Pfizer now occupies a quarter of a million sf of space in 205 East 42nd St. The pharma giant also currently has headquarters space down the block at 235 East 42nd St. And a year ago, the company purchased 685 Third Ave. as part of an area expansion plan.

Cresa Partners arranged the most recent lease assignment where Pfizer will take over the space currently occupied by Roper ASW for the remaining eight years and two months of the lease. According to a spokesperson, Roper had several locations in the city and wanted to consolidate into one location in Chelsea Market. Nicholas Sardone, Cresa Partners senior vice president, Richard Sykes, director, and Patrick Gardner, senior vice president, represented Roper ASW in the transaction. Charles Borrok, Josh Kuriloff and Alex Cohen of Cushman & Wakefield represented Pfizer Inc. Tom Bow, senior vice president of leasing at the Durst Organization, represented the landlord, Royal Realty Corp.

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