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Software firm finds larger space in Chelsea
Angelsoft moves up to West 29th Street where offices are prebuilt, windows new, light plentiful
Published: June 01, 2011
Internet financial services company Angelsoft has signed a lease for the entire, 5,000-square-foot 11th floor of 158 W. 29th St., a 12-story building owned by BRO Realties.
The lease was for five years with rent from the high $20s to the low $30s per square foot. Sasha Majerovsky of Citywide Properties, Inc. represented the tenant, while Harvey Drucker represented the landlord in-house.
According to Ms. Majerovsky, the new space includes several pre-built offices, a reception area and conference room as well as a works station and new windows. She noted that she had shown Angelsoft chief executive David Rose several properties but this place was interesting because it was in move-in condition and had “great natural light.”
“When I saw the place, my gut told me they would like it,” she said. “Call it woman’s intuition.”
Angelsoft, which provides deal management software for angel investors and venture capitalists, had quickly outgrown its current space on East 23rd Street. The tenant’s corporate parent is venture capital firm, Rose Tech Ventures, which has funded over 40 startups in the city’s expanding technology sector. It will also be based the new office.
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