Beck Street Capital Announces a 5,150-Square Foot Lease With Watermill Institutional Trading at 30 West 21st Street

NEW YORK, Aug. 23 /PRNewswire/ -- Beck Street Capital, a private real estate investment firm, today announced it has executed a new 5-year lease agreement with Watermill Institutional Trading, LLC to occupy approximately 5,150-square feet of space on the top floor of 30 West 21st Street. Watermill Institutional Trading leased this space for their broker dealer in New York. The agreement, which went into effect on August 9, 2010 and expires on August 31, 2015, expands the Beck Street Capital portfolio lease-up at 30 West 21st Street.

"30 West 21st Street is a wonderful location, close to everything, with an excellent environment for our technologically-based business," said Ben Bram, Managing Member of Watermill Institutional Trading.

Kevin Comer, Senior Managing Director of Beck Street Capital, said, "It is with great pleasure that we add Watermill Institutional Trading to our tenant mix at 30 West 21st Street. This location provides a robust environment of diverse retail businesses, popular restaurants, renowned educational institutions, historic attractions and the growing commercial community of Madison Square Park and neighboring Chelsea."

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

Nora Stats and Daniel Creighton with Tarter Stats O'Toole represented Beck Street Capital in the lease transaction while Andrew Weiss with Signature Partners represented Watermill Institutional Trading. Stats stated, "We are excited to have helped facilitate this union. Beck Street Capital is proud to have this exceptional tenant as a representative of future quality tenants in this special building."

Watermill Institutional Trading was launched earlier this year under the direction of Ben Bram in order to provide a state-of-the-art trading solution for investment managers.

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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED