Posted: September 24, 2012
Howard Properties represents Cosentino USA in 31,454 s/f lease; Assisted by Marwell of Princeton Realty Group
According to Howard Greenberg SIOR, president of Howard Properties, Ltd., his firm has represented Cosentino USA in a 31,454 s/f lease of showroom and warehouse space at 333 No. Bedford Rd. Jonathan Marwell of the Princeton Realty Group also participated in the deal. The 575,000 s/f building, a former A & P grocery distribution facility, was purchased and repositioned by Diamond Properties. Its tenants include Grand Prix New York, the Saw Mill River Club and Wine Enthusiast.
Cosentino USA is one the largest distributors, fabricators, and installers of stone surfacing and decorative products in North America. It also provides silestone, marble, granite, soapstone and architectural designs. Its parent company, headquartered in Spain, is the largest manufacturer of natural quartz surfaces in the world, operating six factories, 14 quarries and 17 fabricating factories, with more than 2,100 employees.
The new space will contain a state of the art showroom for stone products and more than 27,000 s/f of product displays under roof. The new Cosentino facility will distribute to stone fabricators, home improvement centers, kitchen and bath specialists, architects and designers from the new location.
The company sold more than $271 million of quartz surfaces and natural stone in the U.S. in 2011, and predicts it will sell more than $365 million in 2013. The sales increases are driven by the openings of 10 new Cosentino Centers in San Francisco, San Diego, Cincinnati, Kansas City, Denver, Minneapolis/St. Paul, Orlando, and Portland, Oregon, which will bring the total number of Cosentino Centers in the United States to 22. The company operates 72 centers worldwide.
Howard Properties, Ltd., which is headquartered in White Plains, NY, specializes in tenant representation and real estate consulting. Founded by veteran commercial broker Howard Greenberg in 1998, Howard Properties has completed space acquisitions, dispositions, lease renegotiations and consulting assignments in 20 states. The firm is an affiliate member of CORFAC International, an association of independent real estate brokerage firms represented in more than 150 markets in The Americas and Internationally.
MORE FROM Brokerage
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring