Lee & Associates Expands Stewart Title Insurance Company Footprint in New York
Lee NYC’s Salzman & Lee Houston’s LaCoure negotiate leases for 21,617 square feet at 60 East 42nd Street and 140 East 45th Street
NEW YORK (November 13, 2018) – Kenneth Salzman, Executive Managing Director/Principal of Lee NYC, and Robert LaCoure, Principal, of Lee Houston have negotiated two 10-year leases for 5,267 and 16,350 square feet of space at 60 East 42nd Street and 140 East 45th Street, respectively, for the offices of Stewart Title Insurance Company, a real estate services provider. These new leases will allow Stewart’s current regional offices of Agency Services, Commercial Services and Direct Operations to be relocated from 300 East 42nd Street and 825 Third Avenue as part of their strategic relocation and growth strategy in the New York area.
“The Lee team negotiated two transactions that met Stewart Title’s diverse requirements and lease-up strategy to meet the company’s growing needs,” explains Mr. Salzman, who represented the tenant with Mr. LaCoure. “The space will allow them to implement new workforce standards and provide dedicated areas for both their sales and legal compliance departments.”
“We are excited about this move and look forward to continuing to provide our clients an exceptional experience in a modern, state-of-the-art facility,” said Matthew Morris, CEO, Stewart Information Services Corporation. “These offices will complement Stewart’s portfolio of offices from the east to the west that supports the Stewart culture and provides spaces in which our clients look forward to doing business.”
The landlord of One Grand Central Place, Empire State Realty Trust, was represented in-house by Julie Christiano. The landlord of Two Grand Central Tower, Rockwood Capital, was represented by Neil King of CBRE. Stewart Title will take occupancy on the partial twelfth floor of 60 East 42nd Street in November 2018 and on the entire 33rd floor of 140 East 45th Street in February 2019.
About Lee & Associates – Houston
Lee & Associates – Houston is a fully-integrated commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial and land real estate investments. As the fastest-growing broker-owned firm in the nation, with more than 57 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit www.lee-associates.com/houston/.
About Lee & Associates – NYC
The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available at www.leeassociatesnyc.com.
About Stewart Title Insurance Company
Stewart Information Services Corporation (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we believe in building strong relationships – and these partnerships are the cornerstone of every closing, every transaction and every deal. Stewart. Real partners. Real possibilities.™ Find more information at http://www.stewart.com, subscribe to the Stewart blog at http://blog.stewart.com or follow Stewart on Twitter® @stewarttitleco.
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