Sapir announces lease extension as 261 Madison heads towards 100%.Alex Sapir, president of The Sapir Organization, announced that the company has signed a 4,876 square foot lease extension at 261 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. located in the heart of Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town between 38th and 39th Streets. This commercial property has over 385,000 square feet in a twenty eight story building. "In midtown's incredibly hot market we are pleased to extend Crowley Tar's lease and retain them in a building with an incredible tenant roster which also includes Primedia, Target Health, AFTRA AFTRA American Federation of Television & Radio Artists , GL Consultants and United Staffing," said Alex Sapir. "Crowley Tar tar: see tar and pitch. (Tape ARchive) A Unix utility that is used to archive files by combining several files into one. It is often used in conjunction with the "compress" or "gzip" commands to compress the data. is excited to be expanding their lease in this prime location. This location offers exceptional office space in today's commercial real estate market," said Ricky Kramer of Newmark Knight Frank who is one of the brokers representing Crowley Tar in the lease. The tenant was also represented by Ken Kronstadt of Newmark Knight Frank. "The lease further evidences a solid commitment to 261 Madison and the strength of this building within the Midtown market. It also proves that our tenant retention program is successful along with The Sapir Organization's commitment to expand extraordinary amenities to our tenants. We are thrilled that the leasing activity in the building has reached new heights and we expect to be 100% leased by year's end," added Alex Sapir. Crowley Tar is a chemical company founded in 1920. Its world headquarters is in 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 , with plants in Ohio and Oklahoma. Crowley Tar is extremely unique in its market in that the company supplies organic chemicals derived from both petroleum and tar. Founded by chairman Tamir Sapir An immigrant from the former Soviet republic of Georgia, Tamir Sapir (birth name Temur Sepiashvili) arrived in the United States in 1973, becoming a taxicab driver in New York City. Saving up to buy an electronics store, he catered primarily to Russian clientele. , the company is embarking on ambitious new residential and multi-use projects under the leadership of its president Alex Sapir. The Sapir Organization has projects in the U.S. and Mexico in excess of $1.5 billion. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion