"This has been a landmark year in terms of growth for Pantheon Properties, and our recent need for increased office space is another tangible sign of our continued success," says Cohen. "We have been extremely happy at our West 57th Street location, and I know everyone who works here is excited to secure a long-term lease agreement for the building's entire penthouse floor."
The office expansion comes on the heels of the company's recently announced joint venture with Principal Real Estate Investors as GlobeSt.com previously reported, that is targeting the acquisition of approximately $400 million in value-added, industrial/flex properties in the Northeast and Mid-Atlantic regions.
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