Beck Street Capital Announces Retail Lease with New York Stone at 30 West 21st Street

NEW YORK, Aug. 30 /PRNewswire/ -- Beck Street Capital, a private real estate investment firm, today announced that New York Stone, one of the largest suppliers of natural stone on the East Coast, has signed a new, 5-year lease to occupy the ground floor and basement space of 30 West 21st Street in New York City.

"30 West 21st Street provides us a wonderful opportunity to better serve our growing presence," said Nino Cohen, New York Stone's founder.  "We have just renovated the space making it an ideal showroom for displaying our products and increasing our visibility in New York City.  We are extremely excited to show our space to the public when it is completed."

"Beck Street Capital is excited to welcome New York Stone to our retail space at 30 West 21st Street. The intricate copper, stone and glass décor throughout the interior and exterior of the building, as well as its location in a historic, architectural and retail center, make the building a synergistic fit for this leading stone supplier," said Kevin Comer, Senior Managing Director of Beck Street Capital.  "We aim to continue bringing value to our investors and the community through the development of unique retail spaces in New York City."

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's Flatiron District, positioned between 5th and 6th Avenues.  For more about 30 West 21st Street, visit www.30west21st.com.

Joel Isaacs and David Baker with Isaacs and Company represented Beck Street Capital in the lease. Isaacs stated, "It is a pleasure to facilitate this lease between New York Stone and Beck Street Capital.

With this lease, Beck Street Capital gains an upscale stone supplier as a tenant and New York Stone gains a prime location with ground floor frontage and an incredible retail environment."

New York Stone is one of the largest, most 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, with warehouses in New Jersey, Connecticut, London and New York, offers the highest quality and latest innovations in stone.

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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