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