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."
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account