Elad taps RKF for retail exclusives.Robert K. Futterman & Associateshas been selected as exclusive retail leasing agent by Elad Properties El-Ad Properties is a real estate developer based in New York City, with extensive holdings in the United States, primarily New York City. The company is owned by El Ad Group, based in Israel. for two properties in Manhattan. The buildings, 225 Fifth Ave., and 49 E. 21st St., contain a total of 43,733 square feet of retail space. Robert K. Futterman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Ariel Schuster, managing director, with RKF RKF Rapid Knowledge Formation will lease both of these projects. Futterman and Schuster are leasing a total of 36,933 s/f of retail space at 225 Fifth Ave., the former Gift Building. The property, located on Fifth Avenue between 26th and 27th streets and adjacent to Madison Square Madison Square is a neighborhood on the East Side of the New York City borough of Manhattan, centered on a 6.8 acre (2.75 Hectare) public park in the New York City borough of Manhattan, named for James Madison, fourth President of the United States and co-author of the United Park, encompasses 23,400 s/f of retail space on the ground floor and 13,533 s/f on the lower level. RKF will market the retail space to a mix of retailers that will provide amenities to not only the building, but also the surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. area. Ownership is seeking a high-end restaurant to anchor the project. The RKF team is also leasing 6,800 square feet at 49 East 21st St., located between Park Avenue South and Broadway in the Flatiron district. The retail space entails 5,000 s/f on the ground floor and 1,800s/f in the basement This article is about the section of a building. For the foundation, see Basement rock. A basement is one or more floors of a building that are either completely or partially below the ground floor. Slab-on-grade buildings do not have basements. . Elad Properties converted the former office building to luxury condominiums. "We are proud to be working with Elad Properties, which is one of the most active developers in the city," said Futterman. "These buildings are perfect examples of the type of quality projects that the company is bringing to Manhattan." |
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