NEW YORK – T&H Brokers and T&H Benefits, part of T&H Group’s family of companies offering commercial insurance, benefits, construction insurance and surety, has renewed at 320 West 57thStreet, its headquarters location for more than two decades.
“This building has served our organization well over the past twenty plus years,” said Walter Harris, chairman and CEO of T&H Group, Inc., “and we are pleased to continue our operations from the same location for many more years to come.”
T&H Brokers and T&H Benefits have signed a 45,578-square foot lease and in order to facilitate a renovation and updating of its existing space, will be restacking within the building, which comprises approximately 98,000 square feet of commercial space at the base of a large residential tower known as the Sheffield.
“The willingness of the building owner to accommodate our requests and renovations is a testament of their commitment to invest in and continually improve this property,” added Richard Fleder, president of T&H Brokers, “making us confident in their efforts as the new ownership entity.”
Laurence Elbaum, principal and co-founder of Bradford Allen Real Estate Services a Chicago-based national commercial real estate brokerage, and Jarod Stern, associate director of international commercial real estate services firm Studley represented the Tenant in the transaction. The Landlord was represented by Peter Berti and Lou D’Avanzo of Cushman Wakefield.
“As a direct result of an extensive market search and serious consideration of numerous viable alternatives, we were able to successfully structure a deal that best suited the firm’s operational and financial needs, while at the same time, allowing T&H to remain at the familiar location that has always worked so well for their business,” said Elbaum of Bradford Allen.
About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.