The Kaufman Organization (Kaufman) today announced that it has been named the property manager of 131-137 Spring Street. The 70,000-square-foot mixed-use building in SoHo is owned by leading investment management firm Invesco and Kaufman will oversee the day-to-day management of the property.
“The Kaufman team has long maintained a stellar reputation in acquiring, developing and facilitating quality real estate spaces throughout Manhattan and Queens and this partnership with Invesco is further proof of the confidence the market has in our success with managing key assets,” said Grant Greenspan, Principal of Kaufman. “Our skilled facilities team, along with our depth and experience in the market, will allow us to effectively curate a seamless operations experience for the building’s tenants and continue to enhance the brand of this asset class.”
Having recently achieved 100 percent lease up in its storied Madison Square Portfolio along with the acquisition of the Cardinal Building in Long Island City, Kaufman continues to demonstrate leadership in real estate development and value-added expertise in property management.
“At 131-137 Spring Street, Kaufman will execute on a business plan to enhance the tenants’ experience by improving communication with ownership and, given Kaufman’s extensive property management experience, we will increase the operating efficiency of the asset,” added Mr. Greenspan.
Erected in 1893, 131-137 Spring Street is a 70,000-square-foot, six-story, mixed-use residential and commercial building located in the heart of the iconic SoHo neighborhood. The loft-style, red brick building is anchored by global retailers Burberry and Diesel. Other tenants at the building include Framestone, Inc. and Matthews International Corporation. The property is within walking distance of several notable SoHo attractions including Dominique Ansel Bakery, The Dutch and Balthazar. The property is also conveniently accessible via the R and W train lines.