Cicatelli Associates Inc. Signs 33,446 SF Renewal and Expansion at 505 8th Avenue
New York, NY (August 9, 2011)
International real estate services firm Studley recently represented Cicatelli Associates Inc. in a long-term lease renewal and expansion at Nemark Holdings’ 505 8th Avenue.
The developer of educational training and technical assistance services for health and social service providers previously occupied part of the 2nd and all 16th and 20th floor for a total of 24,755 square feet in the building. With the new lease, Cicatelli Associates will remain on the 16th and 20th floors and give up the partial 2nd floor while taking the entire 19th floor for a total of 33,446 square feet.
“Contiguous expansion was absolutely critical for our business so we are extremely pleased the building could accommodate us,” said Cicatelli’s President Barbara Cicatelli.
Studley’s Marc Shapses, Jason Schwartzenberg and Joe Messina arranged the lease on behalf of the tenant. Ownership was represented by Eric Gural & Allen Gurevich of Newmark Knight Frank.
Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com
Cicatelli Associates Inc. (CAI) is an innovative, nonprofit public health organization dedicated to using the transformative power of education and research to foster a more aware, healthy, compassionate and equitable world. Since its founding in 1979, CAI has worked to improve the quality of health care and social services delivered to vulnerable populations worldwide. Presently, CAI’s renowned educational trainings and superior technical assistance services are offered at its many satellite offices within the U.S. and abroad. More information about Cicatelli Associates Inc. is available online at www.cicatelli.org