C&K relocation.C&K Properties has relocated re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its headquarters to 675 Third Avenue. The 330,000 s/f tower is owned and managed by The Durst durst v. Archaic A past tense and a past participle of dare. Organization. "Our move is both practical and strategic in nature." said co-principal Ben Korman, who founded C&K with partner Meir Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. in the late 1980s. "With out portfolio rapidly expanding in size and scope, it was time to establish a more central presence in midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town . I'm pleased to say that we've chosen one of New York's premier owners as our new landlord, and we look forward to years of growth in our new headquarters." Cohen added that the Grand Central location would enhance C&K's visibility among institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , who are "assuming increasing importance in our diversifying portfolio." C&K bas taken occupancy of the 24th floor, under terms of a 10-year lease. Jennifer McKee, assistant vice president of The Durst Organization, negotiated on behalf of both owner and tenant. |
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