Beck Street Capital Signs Full Floor Lease With Appco Group U.S. at 30 West 21st Street

NEW YORK, Sept. 15 /PRNewswire/ -- Beck Street Capital, a private real estate investment firm, today announced that Appco Group U.S., Inc., one of the world's largest sales and marketing companies, has signed a lease for the sixth floor of 30 West 21st Street in New York City.

"30 West 21st Street is a great location for a fast-growing, entrepreneurial organization with global presence like Appco Group U.S.," said Kevin Comer, Senior Managing Director of Beck Street Capital. "30 West 21st Street offers one of a kind luxury amenities including one of New York City's only private, landscaped gardens, concierge service, a modern, renovated lobby and a location at the crossroads of Flatiron, Chelsea, Gramercy and Union Square."

"30 West 21st Street is a wonderful space for our first U.S. office and headquarters," said Kerry Johnstone, Chief Operating Officer of Appco Group U.S. "We are looking forward to building roots in the U.S. and this is the perfect platform for our expansion."

30 West 21st Street, acquired by Beck Street Capital in May 2007, is a 12-story luxury commercial building located between 5th and 6th Avenues. For more about 30 West 21st Street, visit www.30west21st.com.

Nora Stats and Daniel Creighton of Tarter Stats O'Toole handled the transaction for Beck Street Capital and Thomas Jacobs of Rice and Associates represented Appco Group U.S. Stats commented, "The location and the prestige of the building fit the needs of Appco Group as it looked to expand its international operations into the United States and establish an immediate presence in New York City."

Appco Group U.S., Inc. is part of Appco Group, a member of the Cobra Group of Companies, a young, diversified group of companies with interests in sales and marketing, insurance, energy, financial services, high-tech security, field marketing & promotions, business process outsourcing, mid-range super yachts and motorsport. Appco Group is one of the world's largest and most successful sales and marketing companies with presence across five continents in over 20 countries.

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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