Newman and Zaccagnino of Malkin Properties rep landlord in 2,631 s/f lease
A 174 year old financial holding company has leased 2,631 s/f for a term of ten years on the lobby level of Ten Bank St., according to Jeffrey Newman, executive VP of Malkin Properties, the marketing and managing agent for the building.
The company, Tompkins Financial Corp., will open a new wealth management office at Ten Bank St. in the spring, said William Winters, VP and trust officer at Tompkins.
"We chose the Ten Bank St. location because of its accessibility for our clients, their attorneys, accountants and other professional advisors, and because it offers the amenities so important for exceptional client service," said Winters.
Newman and Malkin Properties' senior leasing associate Kimberly Zaccagnino represented the landlord. Craig Ruoff of Rakow Commercial Realty represented the tenant. Malkin Construction will build out the new space for Tompkins.
Tompkins Financial has been providing wealth management services for more than a century and is parent company to Mahopac National Bank, The Bank of Castile, Tompkins Trust Co., Tompkins Investment Services, AM&M Financial Services, and Tompkins Insurance Agencies.
Today, Tompkins manages $2.5 billion in assets for clients and offers sophisticated financial planning, investment management, and trust and estate services.
"We are delighted to welcome Tompkins Financial to Ten Bank St.," said Newman. "The firm's decision to join the building's prestigious tenant roster reflects our continuing success in attracting top-tier tenants, which in large part derives from our platform of financial stability, trophy office product, and top quality service and amenities."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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
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
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.
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