Leases  ·  Office

Greystone Management Renews Offices in Midtown South


Real estate management company Greystone Management Solutions has signed an early five-year renewal for 7,400 square feet at Newmark Holdings505 Eighth Avenue, Commercial Observer has learned.

The company, which also provides consulting services, will continue to operate on part of the third floor of the 25-story building, which is located at the corner of West 35th Street. The asking rents in the building are between $45 per square foot and $48 per square foot, according to a spokeswoman for Newmark Holdings.  

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Matthew Leon of Newmark Knight Frank brokered the deal for Greystone, while Allen Gurevich of Newmark Holdings brokered the deal for the landlord in-house.

“This is an exceptionally well-located property in the heart of the Penn Station corridor with a superb management team,” Gurevich said in a prepared statement.

Besides its outlet at 505 Eighth Avenue, Greystone has an office in Boston. And the company is a division of Greystone & Co., which is a lender, investment manager and advisory firm.

Leon did not return a request for comment via a spokesman.

Existing tenants at 505 Eighth Avenue include public health nonprofit Cicatelli Associates, housing nonprofit Breaking Ground, Ettinger Engineering and Ethelind Coblin Architects.