On pace for one of the most productive years in the firm’s history, Eastern Consolidated has leased an additional 4,000 s/f at 355 Lexington Avenue to accommodate its continued growth.
In the past year, Eastern Consolidated has nearly doubled in size, launched a retail leasing division, and industry leading broker Ron Solarz has returned to the firm as principal and executive managing director.
Adding to the 15,000 s/f the firm currently occupies on the 11th floor, the 4,000 s/f, move-in ready space on the fifth floor will house a combination of brokers and staff to support them. Eastern Consolidated expects to occupy the additional space in May.
Eastern Consolidated — which arranges investment sales transactions of all sizes and asset types throughout the five boroughs and specializes in the $25 to $150 million range — has this year already completed or is finalizing several transactions north of $100 million.
Most recently, principal and vice chairman Brian Ezratty arranged the sale of the Nash luxury residential property at 222 East 39th Street for $126 million.
The firm has also been retained to execute more than 20 retail leasing assignments on an exclusive basis under its newly launched Retail Leasing division.
“We are growing in a strategic manner that positions us well both for the short and long term. I’ve never been more excited about where we’re headed,” said Daun Paris, president of Eastern Consolidated.
“We expanded in the building because we continue to add top talent at all levels and simply needed more space.”
Added Paris, “Our clients look to Eastern Consolidated for best-in-class investment sales brokerage services and regularly refer business to us because we achieve top pricing on their properties. And our Retail Leasing division is already working with local, regional, and national, brand-name tenants.”
Owned and operated by Rudin Management Company Inc., 355 Lexington Avenue is a stone’s throw from Grand Central Terminal and a short walk to Bryant Park.