News: Brokerage

Warren of Kaufman Org. brokers 4,500 s/f lease

The Kaufman Organization brokered a five-year lease for Allan Schiller & Associates, PC. According to Elliot Warren of Kaufman, who represented the tenant, the company signed a lease for 4,500 s/f of office space, the entire 25th floor, at 130 West 42nd St. Nicholas Ghattas of American Properties, Inc. represented the landlord. The tenant's new office space features full city views of Times Sq. "Allan Schiller and Assoc., PC is another example of a company that is taking advantage of the great value in today's market," said Elliot Warren of the Kaufman Organization. "At Kaufman, we have seen the latest trend of outer-borough companies not renewing their leases and moving back into Manhattan to be closer to clients." Built in 1918, the 32-story, 231,000 s/f landmark office building is located in the heart of Times Sq. The building features 24-hour on-site security and management, quick access to transportation with an entrance to Port Authority Terminal and all major subway lines. Current, neighbors in the area include Condé Nast, Ernst & Young, Reuters and Skadden Arps.
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