News: Brokerage

Colliers arranges 17,000 s/f with Intouch Solutions; Neugeboren and Schoen of Savitt Ptrs. rep tenant

Colliers International arranged a long-term, 17,000 s/f lease at 469 Seventh Ave., with digital pharmaceutical marketing firm Intouch Solutions Inc. taking the entire 10th floor. Founded in 1999 and headquartered in the Kansas City area, Intouch Solutions is a privately held marketing agency specializing in solutions for the pharmaceutical and healthcare industries. The firm, with more than 650 employees, and offices in Chicago and New York, will move into its new space at 469 7th Avenue this month. This lease is the second new media tenant to sign in the building this summer. Intouch Solutions follows Situation Interactive, a digital agency which recently signed a long-term lease for the entire 13th floor. "The Garment District has completely reinvented itself, attracting a diversity of tenants we had never seen before," said Eric Meyer, a senior managing director with Colliers International Tri-State, who along with vice chairman Marty Meyer arranged the lease on behalf of the building ownership. "Advertising, marketing, and digital media companies are increasingly taking space in the Garment District because of its central location, 24/7 activity, and wealth of shopping, hotels, and nightlife. The Garment District is one of the hottest Manhattan neighborhoods." The property at 469 7th Ave. is owned by Eric and Marty Meyer, and Dan Shavolian, of Foremost Real Estate. Brian Neugeboren and Mark Schoen, of Savitt Partners, represented Intouch Solutions in the new transaction. The 267,000 s/f 469 Seventh Avenue is set at the southeast corner of West 36th Street, with convenient access to transportation, including Penn Station and the Port Authority Bus Terminal. Additional tenants in the building include small accounting firms, advertising agencies, and administrative offices and meeting rooms for the New York City Police Department's Manhattan South Traffic Enforcement division.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of