Sapient Corp. Inks Deal for 40 Fulton St. Space
May 3, 2011
By: Carl Gaines

Sapient Corp., a provider of marketing and technology services, has signed on to lease a 52,000-square-foot space at 40 Fulton St. in lower Manhattan. The lease is for a 10-year term and will allow Sapient to consolidate its two Midtown locations when it moves sometime this mid-summer or fall. ...

... Ron Lo Russo represented Vornado Realty Trust in-house in the deal. Studley’s William Montana, Ben Nottingham and Robert Richards of Boston’s Richards Barry Joyce & Partners represented Sapient. 40 Fulton St. is a Vornado Realty Trust building, as was the company’s previous home at One Penn Plaza, where it occupied space on two floors. It will increase its space by 31,000 square feet in the new location and expects to utilize the additional space when the move is complete, and is already looking at additional floors in the building, according to Hank Summy, senior vice president and New York managing director of SapientNitro.

“Our client was attracted to the area because of the evolving tenant base that not only includes the long-time finance and insurance firms but has expanded to a broad-based, diversified community that includes the creative and media industries,” Montana said in a release. “The close proximity to the new Fulton Street Transit hub will allow easy access to clients and employees throughout the city.” ...

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