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The Sapir Organization Announces Appointment of Cushman & Wakefield As Property Managing Agent
New York, NY - Alex Sapir, president of The Sapir Organization, announced that Cushman & Wakefield has been selected as managing agent for four of the company’s properties including 260 Madison Avenue, 261 Madison Avenue, 100 Church Street and 384 Fifth Avenue.
"We are excited about this new assignment for The Sapir Organization," said Joseph A. Lagano, senior managing director of Client Solutions at Cushman & Wakefield. "The company has an outstanding portfolio of commercial properties in Manhattan and we look forward to continuing our successful relationship with them."
"We believe they are the top New York City commercial real estate services firm and we are certain they will raise the visibility and positioning of our company’s properties in the city office marketplace," said Alex Sapir.
The Sapir Organization has a premier commercial real estate portfolio both in lower Manhattan and Midtown. In addition to these properties Cushman & Wakefield currently manages 11 Madison Avenue, the landmark 2.2 million square foot property located on Madison Square Park and the United States headquarters of Credit Suisse.
"The Sapir Organization has been working closely with the outstanding Cushman & Wakefield team led by Frank Freda, Joe Lagano and Jim Whelan at 11 Madison Avenue, and we are pleased to be expanding our management relationship with the company," said Zina Sapir, Vice President of The Sapir Organization.
About The Sapir Organization
The Sapir Organization is a privately held New York based real estate holding and development company with over 7 million square feet of prime Manhattan commercial office space. Founded by Chairman Tamir Sapir, the company is now positioned to grow as a 21st century real estate development force both in New York and nationally, under its President Alex Sapir. In addition to the landmark 11 Madison Ave, the U.S. headquarters of Credit Suisse, the company owns 2 Broadway, 260 Madison Avenue, 261 Madison Ave, 384 Fifth Ave and 100 Church Street, as well as two residential buildings 50 Murray Street and 53 Park Place also located in Lower Manhattan. The Sapir Organization has also aligned itself with distinguished partners, such as Larry Davis and Robert Ivanhoe with whom they have created SDS Investments, a real estate investment and development firm. The company continues to be a proud and integral part of the revival and rebirth of Downtown Manhattan. Sapir currently has a number of projects underway with over $1.5 billion under development.
About Cushman & Wakefield
Cushman & Wakefield is the world’s preeminent commercial real estate services firm. Founded in 1917, the firm has 192 offices in 58 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. Cushman & Wakefield also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services.