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Recently, W&H Properties has seen an influx of strong financial firms into the portfolio, most notably at One Grand Central Place, the Empire State Building, and 250 West 57th Street.
Additions to One Grand Central Place's tenant roster over the past twelve months include Ashley Capital, one of the largest privately-held real estate investment companies in the U.S.; Pine Brook Road Partners, LLC, a private equity firm; Prager, Sealy & Co., an investment services firm; Tenex Capital Management; and Investors Savings Bank. Other financial tenants include Sun Life Financial (NYSE: SLF); Tokio Marine Asset Management; Cove Point Holdings LLC, a private wealth management firm; and Pipeline Financial Group, among others. At the Empire State Building, the Federal Deposit Insurance Corporation recently leased 102,960 square feet. Other financial entities housed in the World's Most Famous Office Building include Funaro & Co., P.C., an international accounting firm; and Goldin Associates, L.L.C., a financial advisory and turnaround consulting firm. 250 West 57th Street is another building that has been attracting more and more prestigious financial firms. Its tenants include First Southwest Company, an investment bank; Chase Paymentech, a subsidiary of JPMorgan Chase and a global leader in payment processing and merchant acquiring; and Mourant Fund Services, Inc. "There's no mystery as to why the W&H portfolio attracts so many financial firms," says Fred C. Posniak, senior vice president of W&H. "Our Pre-War Trophy portfolio offers them first-class office space in great locations at a huge discount to modern glass boxes. We provide financially strong ownership, exceptionally convenient locations, stateof-the-art amenities, and responsive management. W&H properties easily fulfill the criteria of fianancial tenants, enabling them to achieve something prized among financial firms - a high return on investment." |
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