NEW YORK CITY-The New York School of Interior Design has signed a 20-year lease at 401 Park Ave. So. for 40,000 square feet of classroom space. The school plans to use the space for its graduate programs, according to Cassidy Turley, which brokered the deal on behalf of NYSID.

Based at 170 E. 70th St., the school plans to complete its expansion in two phases, according to a release. In phase one, which is scheduled for completion this fall, NYSID will occupy the entire third floor at 401 PAS. Phase two will follow in time for the fall 2011 academic semester, the release states.

“The space fits many of NYSID’s requirements: an abundance of natural light from the oversized windows; direct subway access to NYSID’s Upper East Side campus; and a separate entrance on East 28th Street that provides NYSID with terrific branding opportunities,” says Neil Lipinski, principal/senior managing director at Cassidy Turley, in the release.

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