Accounting firm expands at 14 Penn Plaza.Metis Metis (mē`tĭs), in astronomy, one of the 39 known moons, or natural satellites, of Jupiter. Metis goddess of caution and discretion. [Rom. Myth.: Wheeler, 242] See : Prudence Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a full-service accounting and business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , signed a nearly 15,000 s/f lease extension/expansion at 14 Penn Plaza (also known as 225 West 34th Street) more than two years prior to its scheduled lease expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created . The firm currently occupies a portion of the 16th, 17th and 18th floors. The new lease, which includes a 25% expansion, will allow the company to give back its space on 16 and 17 and consolidate onto 18, providing the firm with greater operating efficiencies associated with being situated on one floor. The expanded premises will also accommodate its planned growth over the extended lease term. Corporate managing director Evan H. Margolin Of international commercial real estate services firm Studley represented Metis Group in the transaction at the 22-story Penn Plaza property. "We approached the former owner regarding an early lease renewal over a year ago" explained Mr. Margolin, who added that the market dynamic at that time was very different from today's. "As recently as last year the preference of many potential buyers was to purchase buildings with pending vacancy as opposed to properties with long-term leases already in place. The agent for the new owner, Dakota Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , realized that retaining a growing tenant in today's uncertain market was important and the fact that space became available on Metis Group's main floor provided an opportunity that didn't exist last year." "We are pleased with the new lease that Studley secured with Dakota Realty Group on our behalf," shared Glenn Friedman CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Metis Group. "Our new workspace will provide much better workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and communication and will accommodate our future growth." The lease terms include maintaining the existing below market rental rate until the lease extension takes effect in 2011, a generous free rent package and modifications to the existing and expansion premises that will be performed by the landlord. Jay Futersak of Dakota Realty Group represented ownership. |
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