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NEW YORK CITY - The nine buildings that comprise the W&H Properties portfolio have leased an aggregate of more than 300,000 square feet in the third quarter of 2007, announces Fred C. Posniak of W&H.
More than half of the total represents new leases and expansions by such notable firms as Lufthansa (Empire State Building), Brennan Beer Gorman Architects (Empire State Building), the Hertz Corporation (250 West 57th Street), Excelled Sheepskin & Leather Coat Corporation (1400 Broadway), the interactive marketing firm Coverclicks (112 West 34th Street), the law firm Napoli Bern (Empire State Building), Hudson Valley Bank (112 West 34th Street), and Jump Apparel, Inc. and Pipeline Financial, which nearly doubled their spaces at 1400 Broadway and The Lincoln Building, respectively.
The W&H brand includes five recent additions to the portfolio: the Empire State Building, 1333, 1350, and 1400 Broadway and 112 West 34th Street, along with the four original portfolio members: The Lincoln Building (60 East 42nd Street), 250 West 57th Street, 501 Seventh Avenue and 1359 Broadway.
"It's particularly encouraging that the five recent portfolio additions are experiencing strong leasing activity," notes Mr. Posniak. "Clearly, the brokerage community recognizes that with their multi-million-dollar capital improvements programs and their changes in management, these properties are on the same path to transformation as the original properties once followed.
"We have $48 million in commissions to pay and outstanding product to show, so we expect the high level of activity to continue," Mr. Posniak adds. "As always, we welcome brokers to our properties at any time - no appointment needed, and, as always, we continue to pay 100 percent of commissions upon signing."
For more information about W&H Properties, please visit www.whpropertiesny.com.
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