GVA making its mark downtown.Venturing into new territory can be risky business. But, for GVA GVA
general visceral afferent system of nerves. Williams, such a move seems to be paying off.
Earlier this year, GVA Williams opened an office in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . Since then, in several key transactions, GVA Williams has represented either the tenant or property owner in leases totaling more than 2.1 million square feet.
The most recent lease involves the 1.6 million net leasing of 2 Broadway to the Metropolitan Transportation Authority (MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system.
(2) See M Technology Association.
1. (messaging) MTA - Message Transfer Agent. ). For the past 18 months, GVA Williams represented the building owner ZAR ZAR
In currencies, this is the abbreviation for the South African Rand.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Realty Management - by pursuing a strategy that would land a single tenant to lease most of, if not all of the building. Rebuffing offers for smaller chunks of space (anywhere from 50,000 square feet to 500,000 square feet) that others would have snapped up, GVA Williams and ZAR held to their plan. The MTA's decision marks one of the biggest lease transactions in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. history, and certainly the biggest in the past decade.
"We always believed that with the right owner, 2 Broadway could be transformed from a non-performing asset to a prime asset," said Brian Given, executive managing director of GVA Williams. "This meant taking some risk, and sticking to a strategy that others might have labeled as make or break. We knew it would work, and wouldn't settle for any other result."
Other Lower Manhattan leases completed by GVA Williams in the past six months include representing the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007. The bank now continues under the new name of The Bank of New York Mellon Corporation. in its lease of nearly 300,000 square feet at 100 Church, and American Express in its lease of approximately 160,000 square feet at 40 Wall Street.
These remarkable accomplishments are the result of an aggressive strategy that dates back to 1993, when Michael T. Cohen cohen
(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. , Andrew Roos and Robert L. Freedman Robert L. Freedman (born July 27, 1957) is an American screenwriter, playwright, and lyricist. He is probably best known for his teleplays for Rodgers and Hammerstein's Cinderella assumed full management of the company from the generation that preceded them. At that time, the firm made a conscious effort to diversify its strengths by recruiting experts in under-served markets such as Lower Manhattan. They also strengthened the firm's tenant representation side, something that was needed since GVA Williams had largely been known for its agency brokerage and properly management services.
According to Michael T. Cohen, GVA Williams' president and chief executive officer, "We understood that opening a Lower Manhattan office involved more than moving a few desks to a new location. We developed a strategy that involved recruiting top-notch people who understood the Lower Manhattan market. We used the most up-to-date technologies, including the CD-ROM CD-ROM: see compact disc.
in full compact disc read-only memory
Type of computer storage medium that is read optically (e.g., by a laser). marketing tool developed by our firm, and built a strong operation that focused on Lower Manhattan."
GVA Williams remains active Downtown. It continues to represent The RREEF Funds, owners of Water Street Plaza at 125 Maiden Lane, as exclusive leasing agent for the Lower Manhattan building. Located in the heart of the financial center, the building - in which GVA Williams has already leased a significant block of space - still offers tenants prime space.
Originally founded in 1926, GVA Williams Real Estate Co. is now managed by the third generation of its founding families. GVA Williams is a partner in GVA Worldwide Ltd., a leading provider of specialized realty services that includes a comprehensive approach to leasing, property management, investment advisory services advisory services
advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , development, construction supervision, mortgage brokerage, tenant representation and institutional management.
GVA, with offices in cities on five continents, offers high-quality, client-tailored services around the world. GVA Williams has offices in Midtown and Downtown Manhattan, as well as in downtown and suburban Chicago.