Tillotson Design Associates Inc. has signed a 4,972-square-foot lease renewal at GFP Real Estate’s 40 Worth St. in TriBeCa. The firm extended its commitment with a new five-year lease and will continue its occupancy immediately. Roy Lapidus of GFP Real Estate represented both the landlord, GFP Real Estate, and the tenant in the transaction.
Tillotson Design Associates is a highly respected lighting design firm known for its innovative and thoughtful approach to architectural lighting. The company will continue to operate from its corner unit, which features abundant natural light and high ceilings — an ideal environment for design-focused work.
“Tillotson Design Associates has built a strong presence at 40 Worth over the years, and this renewal reflects both their steady growth and the value they place on being in the building,” said Lapidus. “It’s a great example of a tenant and ownership working together long-term to create the right environment for a creative, design-focused firm.”
Located in the heart of TriBeCa, 40 Worth Street — also known as the Merchants Square Building — is a neo-classical property built in 1929 by Jardine, Hill & Murdock. The full-block building offers nearly 800,000 square feet of space, with large floorplates, oversized windows and a diverse tenant roster that includes prominent non-profits and creative firms.
