News: Brokerage

Jaccom and Weiss of Walter & Samuels broker 8,000 s/f lease; Haber, Rotter and Rike of JLL represent tenant, ARINC

225 West 39th Street - Manhattan, NY

Manhattan, NY According to Walter & Samuels, Inc., Aeronautical Radio, Incorporated (ARINC), a transport communications and systems engineering solutions provider, has signed a lease for 8,000 s/f on the second floor at 225 West 39th St. in the Fashion District. 

Mark Jaccom a director, and associate director Ian Weiss of Walter & Samuels represented the owner, an investment group led by Walter & Samuels chairman David Berley, in the 10-year lease. Justin Haber, Steve Rotter and Kyle Rike of JLL represented the tenant. 

“We want to create a rich and diverse tenancy at this historic Garment District building, and are thrilled to have secured a major public company like Aeronautical Radio,” said Jaccom, who joined Walter & Samuels earlier this year as director of leasing and brokerage. “With great historic bones and a fully modern interior, we anticipate that the building will diversify over the years to include more media and tech, reflecting the evolution of the neighborhood overall, and the available local amenities.” 

Located between Seventh and Eighth Aves. near Times Sq. and Herald Sq., the neighborhood offers tenants transportation options and amenities that include Skylark, Black Iron Burger and Ben’s Delicatessen.

ARINC was established in 1929 and provides transport communications and systems engineering solutions to the aviation, airports, defense, government, healthcare, networks, security, and transportation industries. Previously owned by the Carlyle Group, the company was sold in 2013 to Rockwell Collins, a leader in aviation and high-integrity solutions for commercial and military customers around the world. 

  Walter & Samuels, Inc. is one of New York’s most long-standing full-service real estate firms. Founded in 1933, the firm specializes in building management, leasing, asset management, financial analysis, coop and condo conversions, construction, and development. In addition to managing over three million square feet of commercial space, Walter & Samuels, Inc. is among the most successful and established converters in Manhattan, where it has performed over 30 major residential cooperative and condominium conversions. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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.