In a transaction arranged by Savitt Partners, Midtown Cardiovascular LLC has committed to 3,500 s/f of office space at 450-460 Park Ave. South. The medical practice is relocating its office from nearby 444 Park Ave. South.
Elliot Zelinger of Savitt Partners represented Midtown Cardiovascular in the long-term lease, while Jovani Rampersad of The Moinian Group acted on behalf of the ownership, 460 Park Ave. South Associates LLC.
"The Midtown South submarket currently boasts some of the lowest vacancy rates in the country, therefore we were extremely pleased to find quality space in a building on the same block as our client's previous address," said Zelinger. "It was a major portion of Midtown Cardiovascular's requirements to remain in the neighborhood in order to serve its patients with as little disruption as possible."
According to Midtown Cardiovascular's Dr. Alan Fard, "It has been a true pleasure working with Elliot. He listened to our space needs and did everything possible to get the deal done."
From providing monitored exercise facilities to counseling on diet and weight loss, prevention efforts at Midtown Cardiovascular are based on the most up-to-date behavioral interventions to help patients modify their cardiovascular risks. More importantly, the practice helps patients to develop rehabilitation programs they can pursue at home.
About Savitt Partners
Savitt Partners is a full-service commercial real estate company headquartered in New York City. Founded by Bob Savitt, the firm owns and/or operates a portfolio totaling nearly two million square feet of office and showroom buildings in Manhattan, including 530 Seventh Avenue, 525 Seventh Avenue, 218 West 40th Street, 499 Seventh Avenue and 11 West 19th Street. In addition to overseeing the leasing and management of its own assets, the firm provides superior leasing, asset and property management and investment services to other quality owners and tenants. Tags: