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Agents showing off 270 Madison Avenue.


270 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S.  hosted an Open House to introduce the midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 leasing brokers to the new team of owners and agents who are handling the property and to showcase the available units of office space located in the building.

Over 150 brokers came out on the rainy rain·y  
adj. rain·i·er, rain·i·est
Characterized by, full of, or bringing rain.



raini·ness n.

Adj.
 day to visit the building. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 John L. Gols, the building leasing agent, "We were very pleased with the turnout. The Open House gave us the opportunity to speak directly with the brokers and explain the plans for the building and vacancies."

John added, "We cooperate 100% with the brokers and try to make it as easy as possible for them to negotiate a lease with their prospective tenant.

Since the ABPartners assumed management duties on February February: see month.  3, 2004, two floors consisting of approximately 15,479 sq ft have been leased to accounting firms. The entire 7th floor of 15,998 sq ft. is still available as well as units of 771 sq ft and 1,500 sq ft located on the upper floors.

At the Open House, Gregg Schenker, Partner of ABPartners announced that in 2004 all six passenger elevators will be replaced with new state of the art high-speed elevators at a cost exceeding $1,000,000.

According to Schenker, the owners are committed to in the building long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 and believe in the location. He added, "Investing in the building infrastructure can only serve the Tenants well and make 270 Madison Avenue a better place to do business."
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 14, 2004
Words:248
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