Business Services Industry
HFA, SONYMA plan move to Rudin's 641 Lexington
Real Estate Weekly, May 12, 1993
Jack and Lewis Rudin, owners and developers of 641 Lexington Avenue, have announced the signing of a 15-year lease for 100,000 square feet of space with the State of New York Mortgage Agency (SONYMA) and New York State Housing Finance Agency (HFA).
SONYMA and HFA are co-locating as the result of an effort to streamline the functions of both agencies.
HFA and SONYMA will occupy the second through fifth floors of the 32-story, 345,000-square-foot office tower..
According to John G. Martinez, executive director of HFA and president/CEO of SONYMA, the co-location of these two agencies will create a 1 more coordinated and consistent atmosphere for financing of single and multi-family mortgage loans, in addition to making the process of financing housing in the State more efficient.
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HFA, currently located at 3 Park Avenue, and SONYMA, currently housed at 261 Madison Avenue, were represented by a co-brokerage arrangement consisting of James B. Emden and Richard Karson of Edward S. Gordon Co., and Joseph G. Costabile and Noel Berk of Cushman & Wakefield, Inc.
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