MHP Real Estate Services owns and manages more than 6 million square feet of office space in New York. Founded in 1971 by Norman Sturner and Neil Siderow as Murray Hill Properties, the firm has acquired and sold more than 150 properties, with a total value exceeding $12 billion (as of May 2015); Sturner serves as president and chief executive officer and his son, David, is chief operating officer.
Together with Clarion Partners, in January 2015 the company bought Maiden Lane for $470 million, its largest purchase ever, and started a $28 million renovation of the 1.2-million-square-foot Class A office tower. Other buildings One Park Avenue, 450 Lexington Avenue, 530 Fifth Avenue, 1180 Avenue of the Americas; the company owned the New York Stock Exchange building on Sept. 11, 2001 (and has since sold it). MHP is the New York affiliate of TCN Worldwide, an international association of commercial real estate firms.