Real Estate Investment Firm Inks 52 Vanderbilt Lease
By Gus Delaporte December 26, 2013 7:45 amreprints
Real estate investment and property management firm Beekman REIM has signed a five-year, 3,240-square-foot lease at 52 Vanderbilt Avenue.
“The tenant was focused on the Grand Central area, and we must have looked at over a dozen buildings that could have worked but they liked 52 Vanderbilt,” John Grotto, managing director at Transwestern, who represented the tenant, told The Commercial Observer.
Beekman REIM manages properties across the United States, Europe and Asia. The company’s New York property portfolio includes 352 East 51st Street, 104 East 98th Street and 15 East 31st Street.
When reached for comment, a New York-based Beekman REIM employee confirmed the firm’s relocation but declined to comment further. The company previously operated its New York office out of 655 Third Avenue
The 21-story office building at 52 Vanderbilt Avenue is located on the southwest corner of 45th Street. The Brause Realty-owned property was built in 1916 and boasts a gold filigree and marble lobby. The building also provides direct access to Grand Central Terminal.
In September, musical identification service Shazam signed a 9,275-square-foot lease at the building. In July, SocialFlow signed a deal of the same size on the building’s 12th floor.