Piquet Realty nabs second New York office spot at 555 Madison

Space to accommodate 100 agents

TRD New York /
Apr.April 24, 2014 04:55 PM

Florida-based Piquet Realty, which acquired the Portman Group’s brokerage arm Portman Realty earlier this month, has inked a lease for a new New York City locale in the Coates Building.

The 1,000-square-foot spread at 555 Madison Avenue at East 56th Street will accommodate roughly 100 agents, according to a release from Piquet. A spokesperson for the firm did not specify which floor of the 33-story building will house the firm, but noted that the lease comes with an option to expand up to 10,000 square feet.

“This building, in a prime Manhattan location, gives us the base for our planned expansion in the New York market,” Cristiano Piquet, president of Piquet Realty, said in the release. The firm’s other Manhattan location is in Hudson Square at 160 Varick Street, according to Piquet’s website.

Piquet, which has ties to the Brazilian investor community, also picked up Portman Realty Management in the recent acquisition — a unit that manages over 1 million square feet in New York. — Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Mall of San Juan (Taubman)

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening
Invitation Homes CEO Dallas Tanner (iStock; Tanner via Invitation Homes)

Invitation Homes may double its single-family portfolio

Invitation Homes may double its single-family portfolio
Richard Branson and Brightline train (Getty, Virgin)

Brightline ends partnership with Virgin Trains in South Florida

Brightline ends partnership with Virgin Trains in South Florida
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
(Google Maps)

National retail chains paid 80% of July rent, a Covid high

National retail chains paid 80% of July rent, a Covid high
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...