Vitesse PSP Expands Presence with New New York Office Lease
Vitesse PSP, a fintech company based in London, is set to enhance its U.S. operations by leasing a 5,200-square-foot space at 155 Fifth Avenue in New York City. This move has been reported by Crain’s New York Business.
Lease Details and Financial Aspects
While the specific duration of the lease has not been disclosed, Crain’s indicated an asking rent of $73 per square foot for the property.
Representation in the Lease Negotiation
The leasing negotiation was facilitated by representatives from various real estate firms. The landlords were represented by Steven Evans, Emre Bozkurt, Joseph Zalta, and Brian Peer from Platinum Properties. However, there has been no response to inquiries for comments from these individuals.
On the tenant side, Alex Gerome and Andy Roberts from Cresa represented Vitesse PSP. They also did not respond to requests for comment, and the company itself could not be reached for further information regarding this lease.
Location Insights
155 Fifth Avenue, located in the vibrant Flatiron District between East 21st and East 22nd Streets, is a historic six-story building that dates back to 1900. Formerly known as The Scribner Building, it served as the corporate headquarters for Charles Scribner’s Sons, a prominent publishing company.
This illustrious past includes publishing works by famous authors such as Ernest Hemingway, F. Scott Fitzgerald, and Edith Wharton.
Current Tenants and Community Impact
At present, the building accommodates another notable tenant, the fashion retailer Varley. The White Company previously operated a shop within the same premises but has since closed.
Background on Vitesse PSP
Founded in 2014, Vitesse PSP has been on a growth trajectory, recently completing a $93 million Series C funding round last year. The expansion into New York mirrors the company’s strategic push into the North American market.
Conclusion
The establishment of a new office in New York is a significant step for Vitesse PSP as it continues to provide international payment and treasury management solutions. This move not only highlights the company’s growth but also its commitment to enhancing its service offerings in an increasingly competitive fintech landscape.
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