SUNY buys townhouse complex for new campus.
Newmark has brokered the sale of a townhouse town·house or town house
1. A residence in a city.
2. A row house, especially a fashionable one. complex on East 54th and 55thSt. in Manhattan that will become the main campus of the Neil D. Levin Graduate Institute of International Relations and Commerce.
Newmark Managing Director John Lizzul said the State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. (SUNY SUNY - State University of New York ) purchased 119 and 121 East 54th St. and 116-118 and 120 East 55th St. on behalf of the Neil D. Levin Graduate Institute.
The property consists of two connected townhouses that will provide the institute with approximately 40,000 square feet of classroom, conference and seminar space. The seller was TIAA-CREF TIAA-CREF Teachers Insurance and Annuity Association - College Retirement Equities Fund , a national financial services organization and one of the nation's largest institutional real estate investors, Lizzul said. No purchase price was disclosed.
Newmark's Lizzul represented SUNY in the transaction. Massey Knakal Realty Services and Colliers ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits.
(2) (Available Bit R represented the seller.
The Neil D. Levin Graduate Institute is currently in the planning stages for undertaking fit-out of the space at the property. No firm move-in date has been established, although the Institute has reported that it anticipates conducting its first for-credit courses during the 2005-2006 academic year.
The Neil D. Levin Graduate Institute of International Relations and Commerce was established by Governor George E. Pataki and the State of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , under the auspices of SUNY, in memory of Neil D. Levin, executive director of the Port Authority of New York and New Jersey Port Authority of New York and New Jersey, self-sustaining public corporation established in 1921 by the states of New York and New Jersey to administer the activities of the New York–New Jersey port area, which has a waterfront of c. who perished in the terrorist attack on the World Trade Center on Sept. 11, 2001. It will run as an independent institute within the SUNY system.
Newmark's Lizzul said the property was a perfect fit for the Neil D. Levin Graduate Institute. "It is just the right size and although there is some construction that needs to be done, there was already space for an auditorium at the property," he said. "In addition, the location is just perfect. It puts the Institute within a short distance from the United Nations and near the offices of many foreign and domestic companies in the area."
The Institute currently operates out of temporary offices at 33 West 42nd St.