Has Offices in 22 Markets in the U. S
Legal support firm moves up two blocks
Document Technologies is moving its midtown Manhattan office two blocks north.
The provider of litigation support and electronic data discovery has signed a seven-year lease for 9,000 feet square at 64 W. 48th St., between Fifth and Sixth avenues. The asking rent for the full-floor space was $40 per square foot.
“The tenant works well with law firms and corporations in the midtown and Rockefeller Center area, and our building is a huge draw due to its proximity on the area,” said Jason Muss, principal of landlord Muss Development. He added that rent at his side-street rentals are also less costly than at buildings around the avenue.
Document Technologies, which is currently located at 151 W. 46th St., between Sixth and Seventh avenues, will transfer to its new sixth-floor space in the year.
With the modern lease, the 17-story building has become more than 90% leased, Mr. Muss said. A year ago, Muss renewed or signed new leases for roughly 30,000 sq . ft . in the building. Tenants there include Xerox and sporting goods retailer City Sports.
Brian Given and Lou Prisco of Colliers International represented Muss, while Jodi Selvey and Eric Feriello of Colliers represented the tenant within the transaction.
Founded in 1998, Document Technologies even offers an office building in lower Manhattan at 150 Broadway, at Liberty Street. The $100 million-in-revenues vendor, which assists to most the AMLaw 100 law offices as well as the legal departments for a lot of Fortune 500 corporations, has offices in 22 markets in the U.S., in accordance with its website.