NEW YORK CITY, NY – October 10, 2011 – (RealEstateRama) — Winoker Realty has brokered an expansion and renewal for renowned cosmetic packaging company Axilone USA Inc. at 276 Fifth Avenue in Manhattan, according to Elliot Klein, senior vice president at Winoker.
The tenant has renewed its office lease for an additional five years, and will expand to 3,329 square feet on the 11th floor of the building. The asking rent for the renewal was $38 per square foot.
Axilone is a world leader in stoppers, package art and cases for the perfume, beauty and cosmetics, treatment, and healthcare products industries. It is the only manufacturer with production sites for both plastic and metal components in the United States, Europe and China. The company employs 1,500 people in five production sites and seven sales offices in Europe, Asia and North America.
“Axilone has had a very successful tenure at 276 Fifth Ave. over the last five years,” says Mr. Klein, who brokered the deal on behalf of landlord 276 Manager LLC. “When the company realized that it needed more space to accommodate its growing workforce, we worked with the landlord to make sure we could keep this prestigious firm prospering at the property.”
The tenant represented itself in the deal.
Now in its fourth decade of business, Winoker Realty Company is a privately held second-generation commercial real estate firm serving the diverse real estate needs of a highly prestigious list of tenants, owners, large corporations and growing businesses. Winoker Realty is an independent management and leasing organization offering clients an exceptional combination of service and capability. The company represents more than 30 Manhattan properties.
About Winoker Realty Company
Is a privately held second-generation commercial real estate firm serving the diverse real estate needs of a highly prestigious list of tenants, owners, large corporations, and growing businesses.
FROM: Winoker Realty Company
462 Seventh Avenue
New York, NY 10018
http://www.winokerrealty.com
CONTACT: LVM Group, Inc.
Mike Odenthal, (212)499-6571, mike (at) lvmgroup (dot) com
