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Translation Firm Inks 24,000-SF Renewal
GlobeSt.com - June 29, 2004
TransPerfect Translations, a translation services firm which is headquartered here, has renewed and restructured its lease at 3 Park Ave. The company renewed its 24,000-sf lease for part of the 39th floor, and will relocate to part of the 38th floor in the 41-story office in Murray Hill. The lease length is for more than six years and the company does have additional expansion rights. No other information about the transaction was released.
Cushman & Wakefield senior directors Michael Burlant and Dale Schlather represented TransPerfect. The landlord, Cohen Brothers Realty, was repped in-house by David Nevins and Mikael Nahmias.
The lease was restructured in order to bring employees onto two contiguous floors with an interconnecting staircase. (Previously, the firm occupied space on the 28th and 39th floors.) "TransPerfect wanted its corporate headquarters on contiguous floors for all of the benefits and efficiencies that it affords," points out Liz Elting, CEO of TransPerfect. Burlant notes that TransPerfect has grown its headquarters from 4,000 sf in the 675,000-sf building located between 33rd and 34th streets.
—Barbara Jarvie
About TransPerfect
TransPerfect is a diversified family of companies providing a full array of international communication services in 22 offices worldwide, including document management, translation, and staffing solutions. TransPerfect is ISO 9001:2000 certified which means it has implemented the most rigorous quality assurance process, according to criteria set forth by the International Organization for Standardization. The wide range of services it provides includes imaging, reprographic services, electronic data discovery, multilingual OCR, electronic labeling, coding, on-site imaging and copying, as well as staffing, and a full suite of translation and interpretation solutions. Headquarters are in New York City.
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