Industrial Color has renewed and expanded its lease at 32 Avenue of the Americas, according to Commercial Observer. The creative production company has signed a 15-year renewal and added 12,125 square feet, bringing its total footprint at the Tribeca building to 58,763 square feet.
The deal covers the company’s existing 46,638 square feet across the entire 22nd floor and part of the 20th floor, along with the expansion space. Industrial Color has occupied space at 32 Avenue of the Americas for more than two decades, and the new agreement extends that commitment.
For companies evaluating office space in Tribeca, the transaction shows how an established footprint can grow within the same building as needs change. The additional space gives Industrial Color more room while keeping its operations at 32 Avenue of the Americas.
Tenant: Industrial Color
Building: 32 Avenue of the Americas
Floor: 20 & 22
Lease term: 15-year renewal
SF: 58,763