Film-Biz Supplier Expands on Greenwich Street
August 3, 2010
By: James Comtois

A film and high-definition video equipment provider is taking additional space at its New York headquarters building.

Abel Cine Tech signed an eight-year lease for 23,605 square feet at 609 Greenwich St. Under the new deal, the firm will continue to occupy the entire fifth floor and will add half of the fourth, or 8,605 square feet. The asking rent was $36 per square foot. ...

... "We had been out in the marketplace with Abel Cine Tech for about two years, searching for space that could accommodate its growth,” said Nicholas Farmakis of Studley, who represented the tenant in the transaction. "The market changed 180 degrees since the search started, which contributed to our ability to expand in the company’s current location." ...

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