Kaufman leases 25,000 s/f.

The Kaufman Organization recently brokered a lease for 25,000 s/f at 519 Eighth Avenue. According to Steven Kaufman and Barbara Raskob of the Kaufman Organization, University Sports Publications, a sports program and yearbook publisher, signed a seven year lease, increasing the company's original holdings in the building by 21,000 square feet.

"They have expanded by bits and pieces," said Steven Kaufman, president of the Kaufman Organization. "They took all the vacant space and now we are 100% leased."

Davis Kahane of Helmsley-Spear, Inc represented the landlord in the transaction. The asking price for the space was $25 per square foot. University Sports Publications plans to use the space to expand their executive and sales offices to occupy the entire 10th and 25th floors.

Built in 1926, the 26-story, 349,000-s/f building boasts a tenant roster that includes the NYC Transit Authority, Lucerne Textiles, AFA Protective systems and the New York Elevator Company. Other features of the pre-war building include 24-hour electronic security and 24-7 accessibility.

The Kaufman Organization, with over 75 years experience and 6.5 million s/f of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions.