NEW YORK CITY, NY – April 18, 2012 – (RealEstateRama) — Cresa has negotiated a lease that relocates the headquarters of Intermedia.net, Inc., a leading global provider of cloud computer services, to Tower 45, 120 West 45th Street, in midtown Manhattan.
The tenant, owned by Oak Hill Capital Partners, will occupy 8,400 square feet under terms of a seven-year deal. The firm had been located at CitySpire, 156 West 56th Street.
Intermedia.net will take immediate occupancy of its new office.
“When Oak Hill Capital Partners acquired Intermedia last year, they wanted to ensure that the company’s new space, which will house the marketing and sales team, reflects the image of the business,” says Bob Stella, executive vice president at Cresa. “This modified pre-built in a great location will enable Intermedia to ramp up its operations here in New York.”
Ed Wartels, vice president, joined Mr. Stella in representing the tenant. Diana Biassotti, David Kleiner and Frank Doyle of Jones Lang LaSalle represented the landlord, SL Green. Ashley Gee and David Kaufman of SL Green also represented the landlord.
About Cresa
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms. Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.
