In the year 2013, Town Residential, one of the fastest growing residential brokerage firms made a 15 years deal to open an office in the meat packing district. According to the deal, the new outpost would be serving the area between Hudson Yards and TriBeCa. Judging from the fact that this company had only opened its doors three years before and was now opening a 10th outpost, it is correct to say that the company had achieved a level of success that many businesses do not reach within a similar period of time.
The great thing about the new location was that the company would be in a position to reach their clientele from the residential neighborhood and also hope to get some new business deals in the process. The deal they had struck saw them get a lease to the entire second floor of a building, which also included access to a private roof and other services. The CEO of Town, Andrew Heiberger had stated that the getting of a larger space was a positive move in the right direction for the company, which was expanding their business presence greatly at the time.
He stated that he was proud of the space because it made the company one of the few that had an outdoor place where the clients would meet and discuss business deals. The company was just keeping up with a trend that it had made of opening new offices in high profile areas mainly because of the benefit of more clientele who would be interested and in a position to acquire the property that they were offering.
The amount of money that is charged for a square foot of office space in the meatpacking district is said to have soared as high as $90 per square foot, which means that the company is pretty confident about the success that they will make out of the venture. The landlord to the building is the main investor for Town. Their business relationship has been growing stronger and the investor was more than lucky to assist the Town Company meet their needs and get a new location for their business in the process.
Thor equities, which is headed by Thor Sitts has done a great job because they invested in the small company when no one was giving the startup a chance. He is great that the company has been making such huge changes when it comes to development. The company has grown from a boutique business to a fully fledged company. With the establishment of new offices in different towns, they will manage to better monitor their clients from close by and inform them when there are new business opportunities. When handled property , this company will be very successful.