Real Estate Journal — August 12 - 25, 2016 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal Gerorinda & Associates, Ltd represents tenant The Kaufman Org. secures 16,000 s/f lease for innRoad

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N EWYORK, NY — The Kaufman Organiza- tion (Kaufman) , a full-service commercial real estate firm, announced today that the company secured a seven-year, 16,000 s/f lease for innRoad, a leading software- as-a-service solution (SaaS) company that integrates prop- erty management, global dis- tribution, bookings and mar- keting for independent hotel businesses of all sizes, at 519 Eighth Ave. on the 15th floor. Relocating from 261 West 35th St., and after recently garnering $1 million in new funding, innRoad will be using the space as its new headquar- ters as the company continues to grow. The company’s all-in- one hospitality management system has revolutionized the way owners incorporate tech- nology into their properties and has been selected by more than 350 independent hotel properties in the Americas and Europe and will only continue to expand. “We are excited to have in- nRoad, a uniquely innovative company join 519 Eighth Av- enue,” said Steve Kaufman , p r e s i den t a t Kau fman . “Kaufman’s location provides

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519 Eighth Ave.

the ideal space for rapidly growing companies to thrive in due to its ideal Garment District location, updated loft-style office spaces and state-of-the-art communica- tion infrastructure.” Kaufman, along with Bar- bara Raskob and Yvonne Chang represented the land- lord, Kaufman 8th Avenue As- sociates, LP in the transaction. Jack Petrie and Eva Shih of Gerorinda & Associates, Ltd represented innRoad. Asking rent was in the high- $40’s-per-square-foot range. 519 Eighth Ave. is a 26-sto- ry, 349,000 s/f building cen- trally located in the Garment

District between West 35th and West 36th St. in close proximity to major transpor- tation hubs, including Penn Station, Port Authority, PATH train, and the E, N, R, Q, S, 1, 2, 3 and 7 MTA subway lines. The building’s office space showcases open layouts; as an added bonus, the top floors are light-filled and feature im- pressive views of the Hudson River. Each full-floor space is equipped with the optimal set- ting and functionalities for ten- ants to continue to grow their business, including high-speed internet, key cards for after- hour access, 24/7 staffed lobby, and on-site management. n

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