Core Takes Space for Fourth Office in Manhattan
Lauren Elkies Schram May 19, 2015, 10 a.m.
Core has leased 5,500 square feet at 149 Fifth Avenue in the Flatiron District, marking the Manhattan residential real estate firm’s fourth office, Commercial Observer has learned.
The new 11th-floor digs between East 21st and East 22nd Streets will accommodate 40 to 50 agents, who will commence working there this fall, Core indicated. The firm’s director of sales, Douglas Heddings, is meeting with prospective agents to populate the new office.
The lease, signed May 11, is for 10 years. The firm declined to provide the asking rent.
Jason Greenstein of Newmark Grubb Knight Frank represented the landlord, William Colavito, Inc., in the deal. Shaun Osher, the founder and chief executive officer of Core, represented his company in-house.
Core has retail sales offices at 127 Seventh Avenue and 627 Madison Avenue as well as its headquarters at 104 Fifth Avenue. Core plans to open a fifth office next year.