New Headquarters Aimed at Accommodating Growth; Company Expects to Add Significantly to 800-Person NYC Staff
NEW YORK, NY, February 28, 2019 – TransPerfect, the world’s largest provider of language and technology solutions for global business, today announced it has signed a new lease for its global headquarters in New York. The company will be taking five full floors at Global Holding Management Group’s Nomad Tower, located at 1250 Broadway.
TransPerfect was founded in an NYU dorm room in 1992 and has been headquartered in New York City ever since. Today, the company boasts over 5,000 employees worldwide across more than 100 offices and is now the largest company in its industry. The move increases the size of the company's headquarters to over 123,000 square feet—which will accommodate all current staff and allow the opportunity for continued growth.
By moving only a few blocks from the company’s previous location, TransPerfect ensures that its NYC-based employees will not experience significant changes to their commutes. Further, employees will have access to a variety of amenities in the newly renovated building.
TransPerfect President and CEO, Phil Shawe, stated, “Of our 5,000 employees worldwide, over 800 are located in New York City alone. TransPerfect's commitment to growing our business in New York City is steadfast and resolute. To support that growth, we needed to choose a new location for our headquarters that would provide us the space we need now and also the opportunity for future growth. We expect our staff will enjoy such benefits as close proximity to commuting options, having a centralized midtown location from which to service clients, working in a trendy and up-and-coming neighborhood, and the building's amenities, which fit well with our culture."
Shawe continued, "TransPerfect is a 27-year-old industry leader with the energy of a start-up, and 2018 marked several significant milestones for our business. We’re extremely excited to partner with Nomad Tower to turn this new page in our history and to provide our team with a world-class headquarters for years to come.”
“Nomad Tower is the most significant high-rise, glass, and steel office tower in NoMad, one of New York City's fastest-growing neighborhoods,” Paul Glickman, Vice Chairman of JLL, which represented Nomad Tower, said. “Nomad Tower offers tenants a truly unique amenity experience, including a two-story amphitheater seating nearly 100 people and a multifaceted amenity center. We are excited to have TransPerfect and their diverse group of employees in the building as a major tenant.”
Nomad Tower ownership was represented in the deal by the JLL team of Paul Glickman, Mitchell Konsker, Benjamin Bass, Diana L. Biasotti, and Harley Dalton. TransPerfect was represented by CBRE’s John Isaacs, Christopher Mansfield, and Peter Gamber, as well as Rob Kulik of Real Broker LLC.
The company expects to complete its move in the last half of 2019.
About Global Holdings Management Group
Global Holdings Management Group is an international alliance of real estate asset management and investment advisory companies operating across the United States, United Kingdom, and Europe. We exclusively develop, advise, and manage the real estate assets of Global Holdings Group – which was founded by its Chairman, Eyal Ofer – across its residential, commercial, and hotel portfolios in these geographies. The current portfolio we manage consists of over 10 million square feet of real estate, comprising over 100 properties and 2,500 hotel rooms. We are proud to manage some of the most exciting real estate development projects in the world, creating extraordinary properties in iconic locations for tenants, customers, and guests alike.
About TransPerfect
TransPerfect is the world’s largest provider of language services and technology solutions for global business. From offices in over 90 cities on six continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. More than 4,000 global organizations employ TransPerfect’s GlobalLink® Product Suite to simplify management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.