Pharma Industry Firm Moves for More Space

Precision for Value, a company that helps bring pharmaceutical products to market, has found a larger home at One Grand Central Place.

The company has signed a long-term lease to take almost 18,000 square feet on the 13th floor of the tower that sits across the street from Grand Central Terminal, according to real estate services firm Cushman & Wakefield.

Cushman’s Stephen Bellwood and Nicola Heryet, both senior managing directors, represented the tenant.

The newly built space at the 55-story building at 60 E. 42nd St. allows the company to expand on one floor in an efficient layout, said Kevin Roach, director of operations and infrastructure of parent company Precision Medicine Group.

Precision for Value’s current office is located on three floors at 9 E. 37th St., where workers have to take the elevator to move between the floors, Mr. Roach said.

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