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NEW YORK CITY — The Pearl Theatre Co., an off-Broadway company, has signed a 20-year lease for space on the north side of West 42nd Street, between 10th and 11th avenues in New York City. The tenant will take possession of the 160-seat theater this July, which was formerly occupied by Signature Theatre company. Matthew Gorman and Joshua Gettler of New Street Realty Advisors represented the owner, Massachusetts Mutual Life, in the transaction. Stephen Powers of Denham Wolf represented the tenant.