MTA taps Transwestern to manage 2M SF portfolio

TRD New York /
Apr.April 18, 2013 10:00 AM

The Metropolitan Transportation Authority has tapped Transwestern to manage a two million-square-foot portfolio of its properties, despite the fact that the Houston-based brokerage has only been in New York City for two years, the New York Observer reported.

The portfolio includes the MTA’s 34-story, 1.6 million-square-foot transit headquarters at 2 Broadway, the Jamaica control center in Queens and the Metro-North Railroad operations center at 525 North Broadway in White Plains. 

“We’re confident that the disciplines and resources we bring to this major property management assignment in New York City will enable us to deliver legendary service to the MTA,” Jim Millard, principal with Transwestern, said in a prepared statement.

Transwestern did not immediately return the Observer’s requests for comment. The company has been increasing its New York activity of late. It received its first leasing deal to market 254 West 31st Street for Brause Realty in March, and earlier this month, represented the Mandell School in a 10,000-square-foot deal at 154 Christopher Street in the West Village. [NYO]  –Hiten Samtani


Related Articles

arrow_forward_ios

Jersey City’s 90 Columbus hits leasing milestone, Toll Brothers markets spec office building in Hoboken & more North Jersey real estate news

Second Ave subway’s next phase could impact Durst, Extell dev sites

Corey Johnson’s MTA reform plan targets controversial Scaffold Law

MTA renews 50K sf at Forest City’s
1 Pierrepont Plaza in Brooklyn

The MTA is still spending millions to maintain its empty headquarters

De Blasio to Cuomo: You’ve got the money, now fix MTA and NYCHA

Cuomo made appointments to state boards. Then, in apparent defiance of his own executive order, he cashed their checks

To pay for the broken MTA, Cuomo wants to tax landlords near new subway projects

arrow_forward_ios