NEW YORK CITY–Transwestern's New York office announced Thursday that it has been retained by the Metropolitan Transportation Authority to manage a portfolio of nearly 2 million square feet, consisting of four properties in the New York City area. The prominent assignment for MTA includes the MTA's New York City Transit headquarters at 2 Broadway, the Metro-North Railroad operations center at 525 North Broadway in White Plains, NY and the Jamaica Control Center in Jamaica, NY.
Built in 1959, 2 Broadway is a 1,595,000-square-foot, 34-story, Class A office tower. The building serves as the MTA's New York City Transit headquarters and is slated to become the sole headquarters as the MTA consolidates over the next year. The agency currently has staff at 347 Madison Avenue.
525 North Broadway is a 87,700- square-foot building located immediately adjacent to the North White Plains Metro-North train station. The facility houses Metro North Railroad operations and a key data center.
The Jamaica Control Center, located at 141-41 94th Ave in Jamaica, NY, is a 165,000-square-foot, seven-story, Class A office building built in 2003. It is occupied by the Long Island Rail Road Company, the MTA Police Department and the Port Authority of NY/NJ, and provides a transfer station from the subway to the Air Tran to JFK International Airport.
The portfolio assignment also includes two buildings in Mineola, on Long Island, located at 242 and 250 Old Country Road. Transwestern's Jim Millard, principal and Eric Mockler, president, mid-atlantic, will be overseeing property management services for the MTA portfolio.
“We are thrilled to have the opportunity to work with such a reputable organization,” says Millard in the release. “We're confident that the disciplines and resources we bring to this major property management assignment in New York City will enable us to deliver legendary service to the MTA. We hope to develop a long-standing, value-enhancing relationship with them going forward.”
Transwestern manages nearly 3 million square feet and leases approximately 1.1 million square feet in the Northeast, the newest domestic expansion market for the 35-year-old real estate firm.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
