Transwestern Awarded First New York City Leasing Assignment At 254 West 31St Street

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Mar 06, 2013, 08:14 ET

NEW YORK, March 6, 2013 /PRNewswire/ -- Transwestern's New York office today announced that it has been retained by Brause Realty Inc. to provide exclusive leasing services for 254 West 31^st Street. Transwestern's Lindsay Ornstein, John Grotto, Aaron Kaufman and Debra Larsen will serve as the leasing team for the project.

"We are very excited about the opportunity to help reposition and redevelop this great asset for the Brause family," said Lindsay Ornstein, Transwestern principal. "Upon the completion of the new lobby, facade and entry work, 254 West 31^st Street will be the premier boutique loft building in the neighborhood. It is ideally positioned for tenants seeking high-quality creative space in a coveted Midtown South location, proximal to transportation."

"We are pleased to appoint Transwestern to represent our firm in leasing this wonderful building," said David Brause, president of Brause Realty. "The leasing team is intelligent, energetic and well-respected in the industry. We look forward to working with the team for many years to come."

Built in 1926 and located between Seventh and Eighth Avenues in Manhattan's Penn Plaza/Garment Submarket, 254 West 31^st Street is a 15-floor office building with street-level retail. The building is located directly across from Penn Station, providing excellent proximity to all forms of public transportation including many major subway lines, Long Island Rail Road, New Jersey Transit and Amtrak. It is within walking distance of numerous attractions including Madison Square Garden, the High Line and the future Moynihan Station and Hudson Yards development. The building offers its tenants many amenities including a newly renovated attended lobby, facade and entry (currently under construction), as well as multiple telecommunications and fiber providers.

ABOUT BRAUSE REALTY INC.
Brause Realty Inc. specializes in the long-term ownership, management and development of high-quality, well located commercial real estate assets. Founded as Brause Brothers Inc. in 1927, current Brause Realty Inc. is run by three generations of the Brause family. The Brause portfolio consists of over 3 million square feet of commercial space. For further information, visit www.brauserealty.com.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern's New York office on Twitter: @TranswesternNYC.

SOURCE Transwestern