ATCO Properties & Management | The Real Deal New York

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ATCO Properties & Management

555 Fifth Avenue, 16th floor
New York, NY 10017
(212) 687-5154
Website
ATCO

ATCO Properties & Management, founded in 1922, is a family-owned and run real estate development and management company based in New York City, with about $2 billion in assets under management. The firm focuses on office and retail development projects in the New York metro area and Austin, Texas. As of 2015, ATCO's portfolio included 35 office, residential, retail, and industrial buildings. In New York, these included 555 Fifth Avenue, 40 Central Park South, 41 West 58th Street, 630 Third Avenue, 381 and 373 Park Avenue South, and the Atlas Terminals. ATCO owns properties in Texas, Connecticut, New Jersey, Florida, as well as outside the United States, in London, Barcelona, Paris, Brussels, Milan, Frankfurt, Ingolstadt, and Dublin. ATCO's other units provide real estate-related services such as financing, construction, accounting, brokerage, and consulting. The business grew out of the scrap fabric processing and recycling plant in Glendale, Queens, at the Atlas Terminals. Founder Henry Hemmerdinger got into the real estate business by leasing extra space in buildings on his terminals land. The companys legacy portfolio is concentrated in New York City and the surrounding area. MK


01/09/19
Investor Jacob Chetrit bought 850 Third Avenue from debt-laden HNA Group and its partners for $422 million. Chetrit and his sons, Michael and Simon, closed...

08/16/18
As federal regulators scrutinize HNA Group’s ownership stake in 850 Third Avenue, the embattled Chinese company is in talks to sell its position to the...

08/09/18
The U.S. government has questioned Chinese conglomerate HNA Group about its stake in 850 Third Avenue. The Committee on Foreign Investors in the United States,...

06/15/18
HNA Group has scored a financing lifeline at its Midtown East office tower 850 Third Avenue, part of a portfolio of U.S. office towers that...

02/16/18
January’s 10 biggest retail leasing deals were much smaller than December’s in terms of square footage. The 10 biggest retail lease deals signed last month...

12/20/17
Barry Diller and Diane Von Furstenberg are the newest investors in co-working company NeueHouse. The power couple co-led a recent financing round in the company...

10/30/17
Israeli insurance giant Migdal Group bought a 49 percent stake in an 18-story Garment District office building owned by ATCO Properties & Management, the seller...

01/06/17
Talk about a case of sour grapes. VaynerMedia, the digital marketing agency founded by entrepreneur and wine fanatic Gary Vaynerchuk, is suing co-working startup LedianSpace,...

12/20/16
UPDATED, Dec. 20, 7:20 p.m.: ATCO Properties & Management closed Tuesday on the $108 million purchase of a Garment District office building, securing a $71...

10/07/16
ATCO Properties & Management is in contract to buy RPW Group’s 18-story office Garment District office building for $108 million, or about $655 per square...

Natalie Rakowski, a founding member of the residential brokerage CORE, has moved to Douglas Elliman, where she began her career. She is joined by her...

04/20/16
The candidate expected to win former State Senate majority leader Dean Skelos’ seat had the backing of some of New York City’s biggest names in real...

03/01/16
John K. Lord, a senior executive at family-run ATCO Properties & Management, shot his wife to death and then killed himself with her gun last...

09/28/15
Shared co-working space provider NeueHouse is opening its first global headquarters near Madison Square Park. The firm signed a 10-year lease for more than 8,700...

08/18/15
UPDATED, 10:30 p.m., August 18: Blesso Properties picked up the development site at 525-545 Broadway in Williamsburg, the location of the former Lincoln Savings Bank...

09/11/13
ATCO Properties & Management is hanging onto a tenant at its 555 Fifth Avenue — insurance litigator Nicoletti Gonson Spinner LLP. The law firm moved into...

06/02/09
H. Dale Hemmerdinger, chairman of the M.T.A. and owner of Atco Properties & Management, is being sued by partners in one of his buildings for allegedly illegally...

04/29/09
The upscale Queens mall Atlas Park, which is facing foreclosure, will shift its focus to middle-end retailers and may cut fees for one-hour parking to draw more...

04/06/06
The developer of the Shops at Atlas Park, set to open in Glendale on April 27, is hoping that the higher-end retail planned for the...
Atco Properties & Management, Director
555 Fifth Avenue, 16th floor, New York, NY, (212) 687-5154 ext. 172
Peter Goldich is a real estate executive. Since 1991, he has worked at...
Atco Properties & Management, Director of Operations
555 Fifth Avenue, 16th floor, New York, NY, (212) 687-5154 ext. 104
Avi Itzikowitz is a real estate industry executive in New York City. Since...
Atco Properties & Management, Co-President
555 Fifth Avenue, 16th floor, New York, NY, (212) 687-5154
Katherine Hemmerdinger-Goodman, or Kate Goodman, is a scion of the Hemmerdinger family that...
Atco Properties & Management, Chairman
555 Fifth Avenue, 16th floor, New York, NY, (212) 687-5154
H. Dale Hemmerdinger is the chairman of Atco Properties & Management, a family-run,...
Atco Properties & Management, Co-President
555 Fifth Avenue, 16th floor, New York, NY, 2126875154
Damon J. Hemmerdinger is a scion of the Hemmerdinger family that owns and...
Atco Properties & Management, President
555 Fifth Avenue, 16th floor, New York, NY, (212) 687-5154
John C. Cinosky is a real estate industry executive and broker. Since 1995,...
Atco Properties & Management, Senior Vice President
555 Fifth Avenue, 16th floor, New York, NY, (212) 687-5154
Neil Adamson is a real estate industry executive who specializes in project finance...
  • Event Office Leasing
  • Address 381 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 10,439
  • Publication Date 01/06/2019
  • Event Date 12/28/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker John Cinosky, William Carr
  • Party 2 ListenFirst Media
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Sebastian Infante, Jamie Katcher
notes
The company inked a 3-year lease for the Flatiron building.
  • Event Retail Leasing
  • Address 381 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,145
  • Publication Date 12/23/2018
  • Event Date 12/20/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker William Carr, John Cinosky
  • Party 2 Fleischman: A Men's Salon
  • Party 2 Brokerage JFW Realty
  • Party 2 Broker Lance Weitz
notes
The salon signed a 7-year lease for the Plaza District space.
  • Event Office Leasing
  • Address 381 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,438
  • Publication Date 12/23/2018
  • Event Date 12/20/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker William Carr, John Cinosky, Peter Goldrich
  • Party 2 iDeko Productions
notes
The entertainment agency inked a 5-year lease for the Plaza District location.
  • Event Office Leasing
  • Address 381 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,439
  • Publication Date 12/23/2018
  • Event Date 12/20/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker William Carr, John Cinosky
  • Party 2 ListenFirst Media
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Jamie Katcher, Sebastian Infante
notes
The media analytics firm inked a 3-year lease for the Plaza District building.
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,632
  • Price per foot $ 56.00
  • Publication Date 10/22/2018
  • Event Date 10/17/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker John Cinosky, Colin Godwin
  • Party 2 The New Group
  • Party 2 Brokerage Denham Wolf Real Estate
  • Party 2 Broker Christopher Turner, Maxwell King
notes
The theater group signed a 5-year lease for the Garment District building which had an asking rent of $56 per square foot.
  • Event Office Leasing
  • Address 381 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 2,412
  • Publication Date 10/08/2018
  • Event Date 10/04/2018
  • Party 1 ATCO Properties & Management
  • Party 2 Davos Brands
notes
The wine wholesaler and importer inked a deal to renew its lease for the Flatiron building.
  • Event Retail Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 6,177
  • Price per foot $ 150.00
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Brokerage Services
  • Party 1 Broker John Cinosky, Colin Godwin
  • Party 2 Café Nunez
  • Party 2 Brokerage Bullaro Properties
  • Party 2 Broker James Bullaro
notes
The restaurant signed a deal to renew its lease for the Penn Plaza building for an additional 11 years at $150 per square foot.
  • Event Office Leasing
  • Address 555 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,500
  • Price per foot $ 64.00
  • Publication Date 06/25/2018
  • Event Date 06/19/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Jerry Suchman, John Walker
  • Party 2 Nicoletti Gonson Spinner
notes
The law firm inked a 5-year lease for the Grand Central location at $64 per square foot.
  • Event Office Leasing
  • Address 381 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,844
  • Publication Date 05/07/2018
  • Event Date 04/30/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Brokerage Services
  • Party 1 Broker John Cionsky, Peter Goldich
  • Party 2 Fuze
  • Party 2 Brokerage CBRE
  • Party 2 Broker Jared London
notes
The communications solution provider inked a lease for the 14th floor of the Flatiron building.
  • Event Financing
  • Address 240-246 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 72,750,000
  • Publication Date 02/06/2018
  • Event Date 01/10/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage Newmark Knight Frank
  • Party 1 Broker Jordan Roeschlaub, Dustin Stolly
  • Party 2 MetLife Investment Management
notes
The owner secured a $72.75 million refinancing loan for the Garment District building.
  • Event Retail Leasing
  • Address 240-246 West 35th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,181
  • Price per foot $ 140.00
  • Publication Date 01/09/2018
  • Event Date 01/04/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Brokerage Services
  • Party 1 Broker John Cinosky
  • Party 2 Cafe Metro
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Stu Morden, Lucas Kooyman
notes
The fast-casual restuarant chain inked a 12-year lease in the Garment Distrcit with asking rent of $140 per square foot.
  • Event Office Leasing
  • Address 373 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 17,464
  • Price per foot $ 62.00
  • Publication Date 08/18/2017
  • Event Date 08/18/2017
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Kate Goodman
  • Party 2 Knotel
  • Party 2 Brokerage Knotel
  • Party 2 Broker Eugene Lee
notes
The shared office provider inked a lease for the entire 6th and 9th floors.
  • Event Office Leasing
  • Address 240-246 West 35th Street 
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,728
  • Publication Date 07/01/2017
  • Event Date 06/07/2017
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker John CinoskyJarad Winter
  • Party 2 NorthStar Group
  • Party 2 Brokerage Prime Manhattan Realty 
  • Party 2 Broker William J. McCollum
notes
The Hip-Hop magazine publisher renewed a 5-year lease for part of the 4th floor, for $56 per square foot.
  • Event Office Leasing
  • Address 240-246 West 35th Street 
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 10,100
  • Publication Date 07/01/2017
  • Event Date 06/07/2017
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage Newmark Knight Frank 
  • Party 1 Broker William Cohen, Andrew Weisz
  • Party 2 Newsday
  • Party 2 Brokerage K Property Group, Avison Young
  • Party 2 Broker Greg Kraut, Frank Pagano
notes
The news publication renewed a 10-year lease at $56 per square foot.
  • Event Office Leasing
  • Address 240-246 West 35th Street 
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 11,070
notes
The investment firm renewed a 5-year lease for the entire 6th floor, at $56 per square foot.
  • Event Sales
  • Address 240-246 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 108,000,000
notes
The 18-story office property was sold for $108 million.
  • Event Financing
  • Address 240-246 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 71,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 ATCO Properties & Management
  • Party 2 Metlife
notes
The company secured a $71 million loan for the commercial and office properties.
  • Event Office Leasing
  • Address 381 Park Avenue South
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 4,617
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Jarad Winter
  • Party 2 Sepp Leaf Products
  • Party 2 Brokerage ATCO Properties & Management
  • Party 2 Broker Peter Goldich
notes
The metal leaf company renewed its lease.
  • Event Office Leasing
  • Address 381 Park Avenue South
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 4,747
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Jarad Winter
  • Party 2 Knowledgent Group
  • Party 2 Brokerage JLL
  • Party 2 Broker Chris Kraus
notes
The analytics company signed a lease on the 10th floor.
  • Event Office Leasing
  • Address 373 Park Avenue South
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 8,732
notes
The French bakery chain signed a 10-year lease on the 12th floor.
  • Event Office Leasing
  • Address 381 Park Avenue South
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 16,267
notes
The creative company signed a 10-year lease.
  • Event Financing
  • Address 630 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 70,000,000
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 ATCO Properties & Management
  • Party 2 Prudential Mortgage Capital Company
notes
The company secured a $70 million loan.
  • Event Retail Leasing
  • Address 381 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 1,249
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Peter Goldich
  • Party 2 George Schwarz
notes
The architect signed a lease for a portion of the ninth floor.
  • Event Retail Leasing
  • Address 381 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 1,521
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Jarad Winter
  • Party 2 Terrence Mahon
notes
The art restoration company signed a lease.
  • Event Office Leasing
  • Address 630 Third Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 8,286
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker Paola Shaddow
  • Party 2 True North
notes
The digital advertising and media company signed a lease.
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