Newmark is pleased to announce that it has negotiated a new long-term, 14,000-square-foot lease for Urbahn Architects’ new headquarters. An Newmark team of Senior Managing Director Ken Kronstadt and Associate Director Rick Kramer represented the tenant, while Barbara Yagoda of GFP Real Estate represented the landlord in-house.
Located in the heart of the fashion district, this building boasts high-quality, loft-style characteristics, with high ceilings, cement floors, and large windows. Stretching across two streets, 306 W. 37th Street offers a unique view of the properties down 9th Avenue. The space accommodates dual entrances, on W. 36th and 37th Streets, to the spacious and recently renovated lobby. Industrial design elements were incorporated, as a nod to the former manufacturing companies housed previously in the building.
“We’re thrilled to partner again with Urbahn Architects, a relationship that Newmark has had for over 20 years,” said Kronstadt. “Every relocation has been a result of its growth as a company. It’s great to be a part of that process and help facilitate Urbahn’s continuing expansion.”
“This building truly charmed Urbahn Architects with its unique structure and vantage point. Because this building is a block through between 36th and 37th Streets, it creates such a dynamic, wide-open space as you look west towards 9th Avenue. This view is simply unmatched,” added Kramer. “This is a perfect building for creative and innovative companies, which is why Urbahn selected it as its new home.”
Urbahn Architects will be occupying the 9th floor of the building for its new headquarters. While the lease was signed mid-2017, the tenants moved in January 2018.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.