-- Real estate investment firm takes space on 29th floor of 4 WTC; Relocates headquarters to Lower Manhattan as part of strategic business model --
Steinbridge Group announced today that it has relocated its headquarters to 4 World Trade Center, in the heart of Lower Manhattan. The real estate investment firm’s space is part of concierge-managed office space offered by Silverstein Properties.
Led by CEO Tawan Davis, Steinbridge now occupies offices on the concierge-managed 29th floor at 4 World Trade Center, which includes 44,000 square-feet of space, with conference rooms, business lounges, skype rooms, a break room and more. Other major tenants in the building include the City of New York, Morningstar, MediaMath, and the Port Authority of New York & New Jersey.
Having already closed on $200 million in U.S. real estate acquisitions so far this year, Steinbridge is currently focused on acquiring income-generating assets in the Washington, DC, Boston, and New York City markets. They are finalizing the acquisition of an additional $500 million in assets, with another $1 billion worth of acquisitions in the pipeline.
Formed by a group of private family and international investors, Steinbridge employs a multi-tiered investment strategy: acquiring income-producing real estate assets in U.S. gateway cities and pivoting submarkets; providing foreign investors with access to U.S. real estate assets; and targeting high-quality, mid-sized assets for acquisition. Steinbridge co-invests with various global partners, taking a long-term hold position.
About Steinbridge Group
Based in New York City, Steinbridge is presently focused on acquiring commercial assets in conjunction with global investors in New York City, Boston, and Washington, DC. Steinbridge and its principals have invested and managed more than $12 billion in real estate investments on behalf of global pension funds, Sovereign Wealth Funds, other institutions and private investors.
