News: Brokerage

RFR announces 28k s/f of leasing at 757 Third Ave.

RFR Realty LLC revealed that sister companies Aerotek, Inc. and TEKsystems, Inc. have leased 28,000 s/f of office space at 757 Third Ave., relocating as their long-term headquarters. Aerotek leased 13,551 s/f on the 8th floor, and TEK systems leased 15,115 s/f on the 12th floor. Each company agreed to occupy this prime midtown east property for a term of 10 years, and the aggregate value of the two leases over $16 million. A team of brokers from Cassidy Turley's NY and Baltimore offices, including L. Jamie Smith, Michael Norris and Jonathan Schindler, represented Aerotek and TEKsystems in the transactions. Representatives of RFR Realty were Steve Morrows, executive VP and director of leasing for RFR Realty, and a team from Jones Lang LaSalle led by Mitchell Konsker and Alexander Chudnoff. Aerotek and TEKsystems, headed by Steve Bisciotti, owner of the Super Bowl winning Baltimore Ravens, initially moved into the 2nd floor of 757 Third Avenue in 1997, before RFR acquired the property in 1999. Since then, the RFR team has refined and modernized the lobby, upgraded building systems, incorporated modern art in common spaces, and focused intensely upon customer service to enhance the appeal of 757 Third Avenue. These concerted efforts to distinguish the property have been paying off. In addition to Aerotek and TEKsystems, both of which specialize in personnel and contract staffing services, several Japanese businesses have recently clustered at 757 Third Avenue, including NTT America Inc., NTT Docomo USA Inc., Mizuho Alternative Investments LLC, The Mainichi Newspapers, and Pasona NA Inc. "The RFR team always works hard to provide the best services and amenities that attract and retain the best quality tenants," said Aby Rosen, Co-Founder and Principal of RFR Holding LLC. "That's the secret of our success here and throughout the RFR portfolio. In our level of service and our fine touch with respect to amenities, modernization, and upkeep, we offer a standout product. The businesses that choose to locate with RFR have a different and better experience than they might have elsewhere. The decision by Aerotek and TEKsystems to relocate within and commit to 757 Third Avenue is a great example of our success."
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
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

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
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,