1. Project ASAP
Contractor for ultra-luxe tower needs field office FAST
Challenge:
Major NYC construction
company needs to build
a 65 story tower in Flatiron
district.
Immediately they require
a tactical field office from
which to direct operations
and respond to emergencies.
Leasing terms had to match
schedule
Office has to be close to the
project and within budget
Flatiron area is on fire right
now so procuring a space
with all these requirements
is a challenge.
Action:
Brian executed an “old school”
building by building, space by
space search of the immediate
vicinity, speaking directly with
building owners about as yet
unannounced availabilities,
lease terms and engaging
ownersʼ disinclination to a
short term lease in a rising
market.
Results:
Plaza secured a full floor at 110
East 23rd Street, located less
than one block from the condo
tower development site.
The size & dimensions of the
space were well suited to Plazaʼs
use.
Lease duration was aggressively
negotiated to match Plazaʼs
estimated needs, while also
providing flexibility for time
over- runs
Financial terms of the lease
were substantially lower than
average office rents in the
Flatiron submarket
Testimonial
“We were under a severe time crunch due to
construction scheduling and had doubts
we’d be able find good space located close
to the project. Brian pounced on the
problem immediately, uncovered several
potential solutions and ultimately
negotiated an agreement that fit within
project budget in an ideal location.I
have recommended Brian to several of my
colleagues”
David Bernstein - Senior Project Manager
Plaza Construction
Type to enter text
Brian M. Fennelly, CPA
Managing Director
MHP Real Estate Services
277 Park Avenue, New York, NY 10172
212-763-4401 Direct Line
212-944-4747 Main Line