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French say 'oui' to Mad Ave growth.


GL Consultants Inc, a publicly traded French information technology development company with an international presence, is doubling its office space in Midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Manhattan.

The company committed to a 10,333 s/f lease at 261 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , expanding from its previous 5,000 s/f at the property.

The CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  team of Snezana Anderson and Bernhard Weinstabel arranged the 10-year transaction on behalf of GL Consultants in direct negotiations with building owner, ZAR ZAR

In currencies, this is the abbreviation for the South African Rand.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 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.
.

"Europe-based businesses have expanded in Manhattan by leaps and bounds over the past year," said Ms. Anderson. "This is the second expansion by GL Consultants since we originally brought the firm to the property. Our client recently acquired another technology firm and immediately required additional space to house its expanded business practice."

The company, based in Paris, will now occupy the entire 16th floor at 261 Madison Avenue, a 312,000-square-foot 28-story office tower located between East 38th and East 39th Streets.

GL Consultants develops and market IT products and services to financial market traders.

The company has developed products and systems that allow real-time visualization of information of financial markets worldwide.
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Article Details
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Title Annotation:GL Consultants Inc. is doubling its office space
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:4EUFR
Date:Jul 6, 2005
Words:188
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