JRT Realty Group – the nation’s largest woman-owned commercial real estate services firm – has been designated exclusive leasing agent for the historic BankNote Building at 890 Garrison Avenue in the Hunts Point section of the Bronx.
Owned by Madison Marquette, the four-building, 410,194-square-foot complex is situated prominently on a hill with excellent views of Manhattan.
The JRT Realty Group brokerage team consisting of Greg Smith, Kristen Morgan and Ellen Israel will be representing ownership.
Presently at 90% percent occupancy, the BankNote Building’s tenant roster includes a variety of government, civic and private-sector tenants, office tenants, non-for-profit organizations and the arts community.
“The outer boroughs are attracting a great deal of attention as ideal settings for affordable office space,” said President Greg Smith of JRT Realty Group. “The BankNote Building stands out as a superb example of an emerging, urban infill location situated in close proximity to the heart of New York. Madison Marquette is known for utilizing the influence of trends to enhance an asset’s value. They are experts in delivering quality mixed-use, office and retail developments that appeal to top-tier markets.”
Mr. Smith said that a site now fronting the property’s outdoor plaza is available for construction of a stand-alone building with separate parking that could provide food and retail services to the expanding BankNote community.
Built in 1909, the six-story BankNote Building was originally home to the American Bank Note Company, a currency printing facility. It was designated a New York City landmark in 2008.
The property, which recently completed an extensive capital improvement program, is conveniently located just off the Bruckner Expressway. It is within easy walking distance of the #6 Longwood Ave. and #2/#5 Intervale Ave. subway stations.
The BankNote Building features an abundance of street parking, in addition to ample parking in a fully restored and landscaped on-site lot. It offers newly modernized and finished passenger and freight elevator cabs service to all floors in each building.
Madison Marquette and Perella Weinberg acquired the BankNote Building in September 2015. Founded in 1992, Madison Marquette is a private, real estate investment management and operating company providing a comprehensive set of services to institutional investors in retail, mixed-use and office assets across the United States.
About JRT Realty Group
JRT Realty Group Inc., the nation’s largest certified woman-owned commercial real estate services firm, provides a full-range of customized services, including strategic planning, corporate real estate portfolio management, tenant representation, leasing and property marketing, financing, and investment sales.
The company has an industry-unique strategic alliance with Cushman & Wakefield to assist clients in achieving their supplier diversity goals by expanding their vendor base to include Minority- and Woman-Owned Business Enterprises.
JRT Realty has a proven record of success in helping Fortune 500 and institutional clients, as well as federal, state and city governments, achieve aggressive, multi-million dollar diversity spending goals through innovative business solutions.
For more information, visit Jrtrealty.com, or follow the company on TwitterandLinkedin.
