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2/26/2008
Furniture maker doubles space



By: Elisabeth Butler Cordova Humanscale Corp. takes an additional 24,000 square feet. Ergonomic furniture maker Humanscale Corp. is stretching out in the Flatiron district. The company recently signed a 10-year lease at 11 E. 26th St., between Madison and Fifth avenues, doubling its showroom and office space, to 24,000 square feet. Humanscale, which already occupies the eighth floor, will start moving into the new space, on the seventh floor, this week. Asking rent in the 21-story building was $45 a square foot. The company needs more space for its growing design and marketing teams. It recently started focusing on business in Asia, India and Europe, and has been hiring additional staff for those markets. “Our business has grown by 50% overseas,” says Principal Paul Levy. “We have a lot of potential to develop those markets.” Humanscale is replacing Software Reproduction Technologies, which was using the space to manufacture DVDs, CDs and USB flash drives for corporate clients. Software Reproduction wanted to cut its lease short, and the property’s owners were eager to give Humanscale more space, says James Buslik. He and Adams & Co. colleague Jeffrey Schwartz represented the landlord, East Twenty Sixth Associates. Herb Goldberg, a broker with Edward Warren & Co., represented Humanscale.
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