Brause Realty has handed Transwestern’s its first exclusive leasing assignment in New York City.
Transwestern’s Lindsay Ornstein, John Grotto, Aaron Kaufman and Debra Larsen will serve as the leasing team for 254 West 31st Street, which is currently being repositioned by Brause.
“We are very excited about the opportunity to help reposition and redevelop this great asset for the Brause family,” said Ornstein, a Transwestern principal.
“Upon the completion of the new lobby, façade and entry work, 254 West 31st Street will be the premier boutique loft building in the neighborhood. It is ideally positioned for tenants seeking high-quality creative space in a coveted Midtown South location, proximal to transportation.”
David Brause, president of Brause Realty, called the team “intelligent, energetic and well-respected.”
“We look forward to working with the team for many years to come,” added Brause.
Built in 1926 and located between Seventh and Eighth Avenues in the Penn Plaza/Garment Submarket, 254 West 31st Street is a 15-floor office building with street-level retail.
Located across from Penn Station, it is within walking distance of Madison Square Garden, the High Line and the future Hudson Yards.
Transwestern, one of the largest private firms in the country, began its expansion into New York City in 2011.