Categories: PR Newswire

Growth Leads to Headquarters Expansion for Persistent Systems

NEW YORK, Oct. 9, 2019 /PRNewswire/ — Persistent Systems, LLC (“Persistent”) announced today that it has leased 55,000 square feet of office space in the historic Starrett Lehigh Building, in Manhattan’s West Chelsea neighborhood, to facilitate the expansion of the company’s New York City headquarters. Persistent was represented by Jordan Gosin, Josh Gosin, and John Cilmi Jr. of Newmark Knight Frank in the deal with Denise Rodriguez from RXR Reality.

Spanning an entire city block, the Starrett Lehigh Building is one of the largest in Manhattan and provides Persistent with enough room to grow over the next decade. The new office space will increase Persistent’s existing New York City footprint with:

  • More than five times the production capacity;
  • A state-of-the-art training facility;
  • Lab Space for the radio, hardware, and software development testing; and
  • RF screen rooms to support radio hardware testing.

“Persistent’s strategic growth plan involves expanding the organization from a $100M a year business to $1B over the next decade, and we require the space to grow our Engineering Team and Program Management Team and to significantly expand our production capacity,” said Dr. Herbert Rubens, Founder and CEO of Persistent.

In addition to expanding production capacity, Persistent is incorporating Green initiatives into the new office plan to create an environmentally friendly and sustainable footprint for its business operations. The company will be eliminating disposable cups, straws, aluminum cans and coffee pods as well as implementing dimmable LED lighting and motion sensors to save power. Construction materials are being sourced with minimum levels of recycled content and reclaimed wood is being used across much of the interior.

Persistent has also hired a vegetation consultant to bring plant life into the office. The planned 150-plus linear feet of planters will improve air quality and create a more pleasant work environment for employees. “To build the best products, we need to be able to recruit and retain the best talent. So, we plan to create an office in which our employees will thrive,” Dr. Rubens added.

Construction on the new space begins immediately, with planned occupation in April 2020.

About Persistent Systems, LLC

Headquartered in New York City since 2007, Persistent Systems, LLC is a global communications technology company that develops and manufactures a patented and secure Mobile Ad hoc Networking (MANET) system: Wave Relay®. Wave Relay® transmits and receives data, video, voice and other applications under the most difficult conditions. Their suite of products is utilized in Commercial, Military, Government, Industrial, Agriculture, Robotics, and Unmanned Systems markets. Please visit http://www.persistentsystems.com to learn more. Follow Persistent Systems on Twitter to get updates on the latest developments @pswaverelay.

SOURCE Persistent Systems, LLC

Related Links

http://www.persistentsystems.com

IR Press

Share
Published by
IR Press

Recent Posts

Acting Comptroller Issues Statement on Notice of Proposed Rulemaking on Incentive Compensation

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement supporting an…

6 hours ago

Agencies Issue Proposal on Incentive-Based Compensation

Washington, D.C.— The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the…

6 hours ago

Remarks by Secretary of the Treasury Janet L. Yellen at East Valley American Job Center in Mesa, Arizona

As Prepared for DeliveryI. IntroductionThank you to everyone for being here. It’s good to be…

3 days ago

Agencies Issue Guide to Assist Community Banks to Develop and Implement Third-Party Risk Management Practices

Federal bank regulatory agencies today released a guide to support community banks in managing risks…

3 days ago

MEDIA ADVISORY: Under Secretary for Terrorism and Financial Intelligence Brian Nelson to Travel to Singapore and Malaysia

WASHINGTON – From May 6th to May 9th, Under Secretary of the Treasury for Terrorism…

4 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the Economic Case for Democracy

As Prepared for DeliveryI. IntroductionGood afternoon. Thank you to the McCain Institute for the invitation…

4 days ago