Beck Street Capital Announces New Lease with New York Stone for 2nd Floor at 30 West 21st Street

NEW YORK, Nov. 30, 2010 /PRNewswire/ -- Beck Street Capital, a private real estate investment firm, today announced that New York Stone has signed a new 5-year lease to occupy the entire second floor of 30 West 21st Street.  Earlier this year, New York Stone, one of the largest natural stone suppliers on the East Coast, signed a 5-year lease for the ground floor and basement of 30 West 21st Street.  The new lease increases the stone supplier's occupancy at this location.

"We are pleased that New York Stone has decided to expand its presence at 30 West 21st Street," said Kevin Comer, Beck Street Capital Senior Managing Director.  "They have made a strong contribution to the building and the street with their impressive showroom, and we are quite happy to include them in our growing tenant roster as we near the end of lease-up at this boutique office building."

"We first chose to lease at 30 West 21st Street based on its convenient location and stunning design," said Nino Cohen, New York Stone's founder.  "Since we moved in, business has grown and we are excited to expand our presence in this one-of-a-kind building."

30 West 21st Street, acquired by Beck Street Capital in May 2007, is a 12-story luxury office building located between 5th and 6th Avenues in New York City's Flatiron District.  The boutique property features an array of unique amenities, including light and air on three sides, 10.5- to 13.5-foot ceilings and a private, landscaped garden complete with a teak seating area.  For more about 30 West 21st Street, visit www.30west21st.com.

New York Stone is one of the largest, trusted names in the granite and marble industry along the east coast and one of the largest suppliers of Jerusalem stone in the country, offering an extensive selection of tiles and slabs.  The stone importer's product line includes marble, slate, granite, onyx, quartz, travertine, limestone, porcelain, and glass.  New York Stone warehouses are located in New Jersey, Connecticut, London and New York.

About Beck Street Capital

Beck Street Capital is a private real estate investment firm headquartered in New York City.  Formed in 2000, Beck Street Capital invests in high value-added, mixed-use investment properties in dense urban locations with high barriers to entry.  Beck Street invests in a number of asset classes, including office, residential and retail, and has successfully completed value creation strategies that include retail repositioning, residential condominium conversion, and asset redevelopment.  For more about Beck Street, visit www.beckstreetcapital.com.

SOURCE Beck Street Capital

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