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Financial services firms finding value at 250 W57th.


250 West 57th West 57th can refer to:
  • West 57th Street, a street in New York City
  • West 57th (news magazine), a news magazine program which aired on the CBS Television Network from 1985 to 1989
 Street, a W&H property in the Columbus Circle Columbus Circle, named for Christopher Columbus, is a major landmark and point of attraction in the New York City borough of Manhattan. Completed in 1905 and renovated a century later, it is located at the intersection of Broadway, Central Park West, Central Park South (59th  neighborhood, has traditionally been a home to firms in the arts and entertainment industries.

Lately, however, it has attracted several financial service firms, notes Barry Zeller, executive vice president of Cushman & Wakefield, the building's managing and leasing agent.

Financial firms that signed leases there recently include Mourant Fund Services, a full-service third party fund administrator; and First Gotham City This article is about the fictional place. For the real city sometimes referred to as "Gotham", see New York City.

Gotham City, New Jersey is a fictional city appearing in DC Comics, and is best known as the home of Batman.
 Group, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a bank.

In addition, existing tenant Paymentech L.P., a leading provider of transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
 services that is partly owned by Bank One, expanded its space within the building.

Another existing tenant is First Southwest, one of the country's premier financial advisory and investment banking firms.

"Our growing list of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 firms reflects a citywide trend," said Mr. Zeller.

"Companies no longer feel compelled to lease space only in neighborhoods that historically have catered to their industry. Instead, they're looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 the right mixture of quality, amenities and convenience in a wider variety of locations."

First Gotham City Group, LLC, represented by Ilya Tsitron of Manhattan Commercial Realty Group, leased 4,889 square feet. Mourant Fund Services, represented by Larry Roberts of Arch Brokerage Ltd., leased 3,445 square feet.

And Paymentech L.P., represented by Gary Greenspan and Andrew Ross of Cushman & Wakefield, added 3,300 square feet to its existing 6,750 square feet.

A $35 million capital improvement program is nearly concluded at 250 West 57th Street.

The renovations include new windows, elevator cabs, upgraded building systems, refurbished air-conditioned public corridors, and a renovated lobby and concierge desk.

The building also has a newly renovated entrance to the 59th Street subway station, which gives tenants access to eight lines. Stops for four bus lines are nearby. Space availability at 250 West 57th Street ranges from 1,500 to 8,900 rentable square feet. Some of these units are pre-built offices, with new ceilings, lighting, flooring, and highly efficient space layouts, which are ready for immediate occupancy.

Part of the W&H Properties portfolio, 250 West 57th Street is owned by Fisk Fisk   , James 1834-1872.

American railroad financier and speculator who attempted in 1869 to corner the gold market with Jay Gould, leading to Black Friday, a day of nationwide financial panic.
 Building Associates LLC, a partnership led by Peter L. Malkin.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Mar 15, 2006
Words:358
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