The company intends to use the additional funds to extend its capacity in high demand areas in the city’s five boroughs.
CBRE arranged the long-term lease, which encompasses the entire 95,808-square-foot industrial property.
Even with more intensive cleaning, the less-contact approach to combating the virus may lower hotel costs, the executives said, especially if front desk staff is reduced in favor of cell phone check-in procedures.
The global insurance company will additionally consolidate its remaining footprint within the area by occupying two new office spaces.
“There was concern initially that while office buildings emptied out, multifamily buildings would be crushed by higher occupancy than what operators are used to and systems are designed for,” Enertiv said. But New Yorkers had gotten out of town.
The company has hired affordable housing expert, Gary Rodney to establish and manage the New York City platform.
Transwestern advises Selfhelp in lease at 626 Sheepshead Bay Rd.
In its latest acquisition, it has bought 38 Second Ave.
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