Crain's New York Business, May 18, 2009
by Amanda Fung
Summary:
The article reports that retailer SpongeTech Delivery Systems Inc. has signed a 10-year lease for 6500 square feet at the Fashion Accessories Center at 10 West 33rd Street in New York City. Manhattan-based SpongeTech, maker of sponges preloaded with detergents and car wax, plans to move out of its current 1500-square-foot office at 43 West 33rd Street by the beginning of June 2009.
Excerpt from Article:
FAST-GROWING retail sensation SpongeTech Delivery Systems has filled up every nook and cranny in its current office space and is moving down the block to 10 W. 33rd St.

The Manhattan-based maker of sponges preloaded with detergents and even car wax — for cleaning everything from pets to cars — has signed a 10-year lease for 6,500 square feet at the Fashion Accessories Center. The asking rent for the partial fifth-floor space was $39 a square foot. SpongeTech plans to move out of its current 1,500-square-foot office at 43 W. 33rd St. by the beginning of June.

"We have run out of space," says Barry Kolevzon, executive vice president of SpongeTech, which has tripled its head count to 18 employees within the past year. That growth was aided by aggressive nationwide ad campaigns. "We need to keep up with demand and handle sales growth."…