Retouching moment as 10-year deal inked.
Murray Hill's Barry Zuckerman represented DCT in the 10-year lease for the entire 5th floor of the Helmsely Spear-owned building. Helmsely's Leon Poll repped the landlord.
The tenant--which carries out digital retouching for some of the city's biggest publications and ad agencies--is moving its operations from 375 Fifth Avenue.
According to Zuckerman, DCT chose 1001 Avenue of the Americas for its avenue address, 24/7 operation for HVAC, full floor identity, heavy floor loads and large freight elevators which can accommodate the firm's 2000 lb Kodak digital retouching equipment, of which they have five.
The aggregate rental for the deal is $2.5 million and the tenant has agreed to do the buildout in exchange for rent concessions from the landlord.
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|Title Annotation:||Digital Color Technologies|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||May 4, 2005|
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