NEW YORK, NY – March 3, 2015
– Colliers International
has arranged a long-term, 7,318-square-foot lease for global risk management and regulatory compliance solutions provider Lombard Risk
), at 205 Lexington Avenue.
The London-based company, which serves the financial services industry and large corporations, will relocate and merge its current New York office on Fifth Avenue with its Newark, New Jersey office, bringing the two teams together to occupy the full 14th floor of the 19-story, 121,000-square-foot office building next month.
"Bordering Midtown and Midtown South, 205 Lexington Avenue is an ideal, central location for Lombard Risk’s employees and clients," said Kelly Broderick, Managing Director at Colliers International, who along with Executive Managing Director, David Glassman, represented the tenant in the transaction. “This new space meets the company’s growth needs as they continue to expand their reach in the world’s financial capital.”
Broderick added that the tall windows lining both sides of the floor will be complemented by a newly constructed installation of glass dividers, which will allow a great deal of natural light to spread throughout the entire floor and create an open, collaborative environment.
“In the fin-tech domain, dynamic teamwork is essential for success and our workspace must accommodate constant adaptation,” said John Groetch, Managing Director for the Americas at Lombard Risk. “Most of our work is project oriented with different streams unfolding across the organization so the layout of our physical space must support efficient information flow to help us make smarter decisions, faster. Our new office at 205 Lexington Avenue will fulfill those needs and we look forward to this relocation.”
David Hoffman, Jr., Christy Colley, and Bryan Boisi, of DTZ, represented the landlord, The Somerset Group, in the transaction.
“We are delighted Lombard Risk chose 205 Lexington Avenue to consolidate its offices,” said David Eshaghian, Principal of The Somerset Group. “We continue to enjoy great success with our efficient pre-built units at 205-215 Lexington Avenue and tenants love how proximate the property is to both Penn Station and Grand Central Terminal.”
Located between 32nd and 33rd Street, 205 Lexington Avenue is conveniently accessible via Grand Central Station, Penn Station, and the Queens Midtown Tunnel, in addition to multiple subway lines. Additional tenants in the building include New York University, YP Texas Region Yellow Pages LLC, Cooperkatz & Company, Inc., Grace Communications Foundation, Inc., and ArchCare (The Catholic Health Care System of the Archdiocese of New York), among others.