Eastern Consolidated chairman and CEO, Peter Hauspurg, withBrian Ezratty, vice chairman, executive directors Eric Anton andRonald Solarz, and Scott Ellard, director-financial services,exclusively represented the sellers. Ezratty procured thepurchaser.
"This building is typical of the better commercial loftbuildings in the Penn Plaza/Chelsea submarket, and its location isprime," says Ezratty. "An added advantage, and one that drove thesale, is that by mid 2007, a big block of space totaling 80,486 sfcan be made available which could help in repositioning thebuilding as an upscale office destination."
Just completing its transition from accommodating companies inthe printing industry, 229-239 W. 28th St. now caters primarily tooffice-oriented users paying annual rents averaging $17.64 per sffor the upper floors, approximately half the market rate for thearea, according to Eastern Consolidated. It is 85% occupied bypredominantly full-floor tenants including Rodgers &Hammerstein Organization and the Fitch Group.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
