New York- September 15, 2010 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today Panama Maritime Authority has renewed a five year lease for 5,588 square feet of space at 369 Lexington Avenue.
Panama Maritime Authority is an autonomous state agency that linked the Panamanian maritime competencies and acts as the supreme maritime authority of the Republic of Panama. Panama Maritime Authority will use this space as its U.S. headquarters.
Panama Maritime Authority will continue to occupy the entire 14th floor.
"We are pleased to have represented the Panama Maritime Authority in its decision to renew its lease at 369 Lexington Avenue, which will continue to house the organization’s U.S. headquarters," said Aron B. Schreier, Managing Director at Cassidy Turley. "The renewal enables the Authority to remain in the Grand Central submarket."
Joseph Stavrach, President and CEO of Triangle Assets negotiated on behalf of the Owner, Triangle Assets. Panama Maritime Authority was represented by Jonathan Schindler, Senior Managing Director and Aron Schreier.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 420 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets. Please visit
www.cassidyturley.com for more information about the company.