"After 10 years in this location, it made sense for the company to keep its office here," says Steven Kaufman, president of landlord the Kaufman Organization, in a release. "The space is a perfect fit for the company headquarters."
Kaufman and leasing director Barbara Raskob of the Kaufman Organization represented both landlord and tenant in the transaction. Lease terms were not disclosed; however, asking rent for the space was in the high $30s per square foot.
Built in 1925, 462 Seventh is a 23-story building in the Garment District. The 185,000-square-foot structure features 24/7 access and a shared entrance with 470 Seventh Ave. Tenants include Geller & Wind Ltd., Live Person and InnerWorkings Inc. It's just up the street from the Kaufman Organization's own headquarters at 450 Seventh Ave.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
