News: Brokerage

Margolin of Kaufman Organization secures 11,633 s/f lease

The Kaufman Org. has brokered an 11,633 s/f lease at the Starrett Lehigh Building, located at 601 West 26th St., for Security Industry Specialists, Inc. (SIS). Andrew Margolin of the Kaufman Org. represented SIS and Denise Rodriguez and Bill Elder represented the landlord, RXR Realty. The space offers northern and western exposure with an abundance of natural light and concrete floors. "Decision makers at SIS were drawn to Starrett Lehigh Building because the building's character fits with the company's philosophy of outside the box approach to the security industry. The space on the 13th floor, which has a very industrial and creative feel, boasts large wrap-around windows offering river views and is complimented by high exposed ceilings," said Andrew Margolin, of the Kaufman Org. "The building's unique perks, such as food trucks parking on select floors along with the community feel and impressive tenant roster, sealed the deal for SIS." SIS provides unique security solutions to some of the most successful names in business. SIS' diverse clientele demonstrates their boutique approach to forging lasting partnerships while providing innovative and tailored security solutions. SIS is headquartered in Culver City, California, with additional offices throughout the U.S. The company recently expanded to Brazil to grow its international presence. This expansion will allow SIS to focus on providing security solutions to its clients throughout the Americas. In New York, the space will house administrative, executive and operational offices. The Starrett Lehigh Building was built in 1931, directly above the Lehigh Valley Railroad Company's freight yard, as a solution to freight distribution. The West-Chelsea building's distinctive architecture allowed for freight cars to gain access to the building's upper floors via 30-foot elevators. It sits on a full city block between 11th and 12th Avenues and 26th and 27th Streets. Designated a New York City Landmark in 1986, the 2.3 million-square-foot building is home to tenants Hugo Boss, Under Armour, McGarry Bowen and Martha Stewart. Amenities include a 24-hour in-person attendant for enhanced security; shuttle service to and from Grand Central Station, Penn Station and the Port Authority, with additional stops on 8th Avenue; truck freight elevator access on each floor, a fitness center and bike storage. The building is a short walk from the 26th Street High Line entry.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,