Client Case Study: Wall Street Alliance Group Relocates to Nelson Tower

15 March, 2023 / Bobby Samuels
Aerial view of vintage brick skyscrapers in NYC, including Nelson Tower, seen through windows.

Wall Street Alliance Group, a provider of wealth management for healthcare professionals, relocated to The Nelson Tower (450 Seventh Avenue) in partnership with Metro Manhattan Office Space. They previously occupied 75 Maiden Lane and sought a more convenient location for their team, clients, and two principals.

As a tenant broker, Metro Manhattan Office Space researched the market for available space that met the specific criteria.

Wall Street Alliance Group explored several Class B office and loft buildings. Eventually, they found a perfect space in Midtown Manhattan near a major transportation hub with access to LIRR, Amtrak, and BDFMNQRW subway lines.

Identification of Suitable Location

With Metro Manhattan’s assistance, the Wall Street Alliance Group explored several Class B buildings in the Garment District/Penn Station area. Eventually, they settled on the Nelson Tower.

Nelson Tower, owned by the Kaufman Organization, is situated at the intersection of 7th Avenue and 34th Street. The location was convenient for Wall Street Alliance Group’s clients, staff, and founders residing nearby Chelsea and Park Avenue.

The impressive lobby and abundant natural light appealed to Wall Street Alliance Group. Additionally, the Company believed this atmosphere could enhance the workspace, productivity, and job satisfaction.

Furthermore, the office’s move-in ready condition ensured a smooth and effortless transition for the Company.

Additionally, Nelson Tower’s location directly on the routes of NYC’s famous parades like Thanksgiving Day provided a unique experience. It contributed to the Company’s aim of creating a positive work environment and warm ambiance.

Nelson Tower’s Features

Nelson Tower offers several amenities, including a 24-hour doorman, security, concierge service, high-speed elevators, a marble lobby, HVAC systems, and communication infrastructure. Furthermore, the interior spaces provide a comfortable and pleasant work environment with excellent natural light and breathtaking city views.

Moreover, the Nelson Tower’s accessible location, mere blocks from Penn Station, Port Authority, and several subway lines, is one of its most significant advantages.

Office Space Leased

The Wall Street Alliance Group leased 2,028 square feet on the partial 6th floor of the Nelson Tower. It featured several windowed offices and an interior conference room, making it an ideal setting for the Company’s operations. Moreover, the space only required minor adjustments, such as painting, carpeting, and the construction of a phone booth. The Kaufman Organization made these improvements on behalf of the tenant. Additionally, their architectural planning services aided Wall Street Alliance Group in evaluating the space and determining the ideal location for the phone booth.

Nelson Tower offers a wide range of available units with an efficient layout. Additionally, floors in the building can be divided for expansion space if tenants outgrow their leased space. The Kaufman Organization works closely with its tenants to accommodate these needs. Wall Street Alliance Group’s substantial growth in recent years made this fact an appealing prospect for the Company.

Landlord’s Support and Responsiveness

The Kaufman Organization, in business for over a century, manages 48 buildings and is known for exceptional tenant service.

The Kaufman Organization collaborated with Wall Street Alliance Group and Metro Manhattan, providing helpful assistance and addressing inquiries throughout the process. They understood the Company’s needs and worked to secure suitable space in Nelson Tower.

Moreover, The Kaufman Organization’s experience accommodating growth requirements proved valuable to Wall Street Alliance Group. The landlord’s responsiveness and willingness to work with them to ensure they could meet their future growth needs impressed the group.

The Key Takeaway

Nelson Tower was an excellent choice for the Wall Street Alliance Group’s relocation. Metro Manhattan helped the firm find a bright space with an ideal layout in an affordable Class B building that felt more like an A building. Additionally, the landlord’s responsiveness and flexibility in accommodating the tenant’s growth requirements were also highly valued.

After completing the move, Wall Street Alliance Group can now focus on delivering exceptional wealth management services. In addition, they have secured a space for years and identified room for growth, with the help of a supportive landlord. As a result, the Company can now prioritize its core business and trust that the landlord will fulfill its workspace needs.

Most importantly, the new location at Nelson Tower provides the firm with an excellent work environment that fosters productivity, creativity, and positive work culture, ultimately benefiting their clients and the Company’s success.

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