Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Expands Manhattan Headquarters In Prime Midtown Location

07/02/2014

Massey Knakal Realty Services is pleased to announce the expansion of their Manhattan office at 275 Madison Avenue. The firm will now occupy the entire base of RFR Realty’s Class-A, Art Deco landmark building on floors 2, 3 and 4 for a total of 40,738 rentable square feet plus future expansion rights.

“We’re delighted to continue our relationship with RFR as we expand our flagship location. RFR has been an excellent landlord for the last 10 years and we’re looking forward to many more years together,” said CEO Paul J. Massey Jr. “This fifteen year lease will accommodate the explosive growth Massey Knakal is experiencing across our three service lines – capital services, investment sales and retail leasing.  Our growth has been driven by our team-oriented platform coupled with our extensive local market knowledge. We’ve been bursting at the seams and this will improve our client service while also allowing our agents the flexibility to continue to build their teams,” added Massey.

Massey Knakal was represented in this transaction by Bill Montana, Kurt Handschumacher and Howard Poretsky of Savills Studley. “We enjoy a close relationship with Massey Knakal and are very pleased to help them secure contiguous space for their long term growth,” said Bill Montana, Managing Director at Savills Studley.

The landlord, RFR Realty was represented in house by Oliver Katcher and Gregg Popkin.

Massey Knakal’s legal counsel was Brian M. Cohen and Cristiana Addy of Foley & Lardner.

RFR’s legal counsel was Randy Amengual and Ann Ryan of Katsky Korins.

About Massey Knakal:

Massey Knakal is a diversified real estate company, exclusively representing owners in the sale, retail lease and financing of their properties. With over 200 employees, four offices and thorough coverage of the five boroughs of New York City, Westchester County, Long Island and New Jersey, Massey Knakal dominates the New York metropolitan area's property transaction marketplace.  For twenty-five years, Massey Knakal has focused on building strong relationships within the neighborhoods it represent and developing an extensive database of customers that includes all of the major investors, institutions, agencies and individuals that are active in real estate in the area. Their dedication to neighborhood knowledge and relationship building is a source of continuing pride and success for Massey Knakal, and through their Territory System™, their agents have partnered with owners throughout the city to close over 4,700 transactions, with an aggregate value in excess of $19 billionsince 1988. For more information, visit http://www.masseyknakal.com or @MasseyKnakal

About Savills Studley:

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 25 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service. The firm is part of London-headquarted Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L). For more information, please visit www.savills-studley.com and follow us on Twitter @StudleyInc and LinkedIn.

07/02/2014 - 15:52

Source

Cushman & Wakefield Capital Markets Group New York

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