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Vitech Stays Put at 401 Park Ave. South

NEW YORK CITY-The tenant expanded its Midtown South headquarters office, marking an endorsement of the area's appeal.

By Rayna Katz | Updated on March 20, 2013

NEW YORK CITY-Against the backdrop of a staggeringly low vacancy rate in Midtown South, an existing tenant there has just renewed its lease.

Meringoff Properties announced Wednesday that Vitech Corp. has renewed and extended its global headquarters lease at 401 Park Ave. Dennis Someck, executive managing director and principal at Lee & Associates represented Vitech in the transaction, while Mark Stein, SVP and Jason Vacker, VP at Meringoff, acted in-house on behalf of the leasing agent for ownership. Alan Katz, attorney at Greenfield, Stein & Senior represented the tenant, and Larry Mergentine, an attorney with Rosenberg & Estis, acted for the landlord. Asking rents at the 252,000-square-foot office building range between $53-$60 per square foot.

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