GlobeSt.com - June 29, 2004

TransPerfect Translations, a translation services firm which is headquartered here, has renewed and restructured its lease at 3 Park Ave. The company renewed its 24,000-sf lease for part of the 39th floor, and will relocate to part of the 38th floor in the 41-story office in Murray Hill. The lease length is for more than six years and the company does have additional expansion rights. No other information about the transaction was released.

Cushman & Wakefield senior directors Michael Burlant and Dale Schlather represented TransPerfect. The landlord, Cohen Brothers Realty, was repped in-house by David Nevins and Mikael Nahmias.

The lease was restructured in order to bring employees onto two contiguous floors with an interconnecting staircase. (Previously, the firm occupied space on the 28th and 39th floors.) "TransPerfect wanted its corporate headquarters on contiguous floors for all of the benefits and efficiencies that it affords," points out Liz Elting, CEO of TransPerfect. Burlant notes that TransPerfect has grown its headquarters from 4,000 sf in the 675,000-sf building located between 33rd and 34th streets.

—Barbara Jarvie

About TransPerfect
With revenue of over $250 million, TransPerfect is the largest privately held language services provider in the world. From offices in 66 cities on 5 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. With a global network of over 4,000 linguists and subject-area specialists, TransPerfect is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.