Newmark is pleased to announce that its New York office has been selected to head up leasing and management responsibilities for a 19-property portfolio owned by the well-respected and established The Rosen Group Inc. beginning next year.
The portfolio includes more than two million square feet of Manhattan office space, including the landmark 902 Broadway. The wide-ranging portfolio is 95 percent leased and includes such tenants as Della Femina Rothschild Jeary & Partners Advertising, Alloy Media and SBLM Architects. The Rosen Group will look to Newmark to reposition and renovate properties to maximize their potential.
The Rosens are one of the most respected real estate families in New York City with extensive property holdings in New York City and across the Northeast and Southeast U.S. Founded almost 70 years ago, the group is an industry standard for integrity, responsibility and success.
Newmark Senior Managing Director Michael Moorin will lead the leasing and management team for the Rosen portfolio. Moorin has worked with the Rosen family on a number of occasions in his more than 25-year career as a commercial real estate broker.
“My business relationship with the Rosen family goes back to the beginning of my career when I was assigned to lease and manage their property at 37 West 20th Street, which proved to be both formative and prophetic,” says Moorin. “Everything I needed to learn about real estate was encapsulated in that transaction.”
Moorin admires the way the Rosen family conducts business within the real estate industry, making fair negotiations and quality service the utmost priorities.
“The Rosen Group has built a successful real estate company in New York by understanding the market, listening to its tenants and being as good as their word,” Moorin says. “We’re excited to be chosen to be a part of that great tradition.”
The Rosen Group was started in 1942 by Joseph Rosen. In addition to its New York City interests, it also owns more than 60 properties in 13 states in the Northeast, Mid-Atlantic and Southeast, along with Ohio and Tennessee. That portfolio includes shopping centers, office buildings, industrial properties and residential properties. The Rosen Group’s expertise is in development, property management and acquisitions.
Newmark is one of the largest real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.