Sublease Savvy: Cost-Effective Expansion to 909 Third Avenue

Company: Stanton PR & Marketing
Building: 909 Third Avenue
Lease Term: Approximately 6 years
Lease Type: Sublease
Delivery conditions: Turnkey
Landlord: Vornado

The Challenge

Founded over three decades ago by Alex Stanton, Stanton PR & Marketing has established itself as a leading firm in the public relations and marketing industry. The firm was seeking to economically expand its footprint to accommodate growth. They needed a sublease that would allow for this expansion while also providing a high-quality building environment and opportunistic pricing. Their primary goal was to secure cost-effective pricing through a sublease deal.

The Solution

The perfect opportunity arose at 909 Third Avenue—a sublease from IPG with approximately 6 years remaining. This arrangement allowed Stanton to occupy the 10,805 square foot space on the 14th floor at a fraction of the typical cost. The space was turnkey, featuring high-end furnishings and a complete wiring infrastructure, ready for immediate occupancy.

The Outcome

Stanton PR & Marketing successfully expanded its operations by moving to a premier location in New York City’s bustling corporate landscape, securing an excellent deal in the process. The strategic location and turnkey facilities at 909 Third Avenue significantly enhance Stanton's ability to serve its clients effectively, ensuring the firm remains at the forefront of the PR and marketing industry.