Town Residential brokerage signed a 15-year deal for office space around Meatpacking industry which will enable it cover the markets from Tribeca all the way up to Hudson Yards. This residential brokerage firm is growing fast as this will be its 10th outpost in Manhattan since it entered the market three years ago. This new outpost will enable the company to gain access to the important neighborhoods found along Hudson. Andrew Heiberger, founder and CEO of Town, noted that brokers will be able to take their clients for appointments down the Highline. He also added that the new office is located a few steps from the story-high park.
The firm has leased the whole of the second floor (446 W. 14th St.) measuring 7,100 square feet. The new office features a 16-foot ceiling and has access to a roof deck atop the three-story building that is private. This outpost comes with all the flair that Heiberger has brought with his Town brand. It will appeal even to the brokers and position the brokerage to great sales in the end. Mr. Heiberger believes that this is the only brokerage firm that offers brokers and their clients the chance to meet in an outdoor space. He added that Thomas & Ingram, a boutique brokerage that focuses on West Village deals, will join Town in the new space as well as the smaller office Town operstes at the 45 Horatio St, West Village. The building is owned by Thor, the parent investor of Town and one of the biggest owners of the city’s retail space. This relationship was key in ensuring that Town got the office space before other eager tenants.
About Town Residential
The firm specalises mostly in residential real estate. Joseph Sitt of Thor Equities, landlord and real estate development firm, is Town’s equity partner. Sitt is a co-chairman of Town. Heiberger had initially founded Citi Habitats, another brokerage firm that mainly dealt with rentals but later sold it to the NRT. Town Residential was named by Crain to be among the Top 50 Best Places to Work in the New York City. Town Residential acquired Thomas & Ingram, a boutique brokerage that focuses on West Village sales, bringing it to its new branch office in the Meatpacking District.