Kidney disease center signs for new space in Midtown West

TRD NEW YORK /
Jul.July 20, 2011 03:43 PM

alternate
text
Clockwise from top left: Robert Shapiro, 619 West 54th Street (source: PropertyShark) and Gerald Gibian

The Rogosin Institute, a not-for-profit treatment and research center specializing in kidney diseases that’s part of the New York-Presbyterian Healthcare System, signed a 20-year lease for 37,416 square feet at 619 West 54th Street near 12th Avenue. According to Grubb & Ellis, which brokered the transaction, the lease costs $26 million, or about $34.75 per square foot.

Rogosin will keep its current location at 505 East 70th Street, and use the new space to expand its dialysis and transplantation operations. The facility will have a patient entrance at 626 West 55th Street. Gerald Gibian and Robert Shapiro, both members of Grubb & Ellis’ Healthcare Properties group represented Rogosin.

“Due to very specialized requirements, we spent two years navigating this transaction from lift-off to execution,” Gibian said. “The Rogosin Institute needed a general purpose building in a defined area that could accommodate the center and their unique medical use, power, water and patient delivery requirements — all within the Rogosin Institute’s economic parameters.” — Adam Fusfeld


Related Articles

arrow_forward_ios
Beverly Hills properties once owned by convicted RE Ponzi schemer Shapiro sell for $69M

Beverly Hills properties once owned by convicted RE Ponzi schemer Shapiro sell for $69M

Clockwise from top: Robert Shapiro, Viktor Gjonaj, and Robert C. Morgan (Credit: Rochester Institute of Technology, LinkedIn, iStock)

Robert Shapiro is not alone: 5 real estate Ponzi schemes you should know about

Robert Shapiro gets 25 years in prison for massive Ponzi scheme

Robert Shapiro gets 25 years in prison for massive Ponzi scheme

Comerica Bank turned “blind eye” to Woodbridge’s $1B Ponzi scheme: lawsuit

Comerica Bank turned “blind eye” to Woodbridge’s $1B Ponzi scheme: lawsuit

Woodbridge’s Robert Shapiro set to pay $120M to SEC

Woodbridge’s Robert Shapiro set to pay $120M to SEC

Buzz cut: Embattled developer relists this LA mansion with $65M price chop

Buzz cut: Embattled developer relists this LA mansion with $65M price chop

Los Angeles roundup: Robert Shapiro’s Woodbridge files for bankruptcy, Disney to lease Fox’s Century City site & more

Los Angeles roundup: Robert Shapiro’s Woodbridge files for bankruptcy, Disney to lease Fox’s Century City site & more

SEC sues Robert Shapiro for allegedly masterminding $1B Ponzi scheme

SEC sues Robert Shapiro for allegedly masterminding $1B Ponzi scheme

arrow_forward_ios
Loading...