Robert Khodadadian – Commercial Observer

A pet insurance firm is moving its offices to NoMad.

Pumpkin Pet Insurance has signed a lease for 10,000 square feet at Samco Properties432 Park Avenue South, Crain’s New York Business first reported.

Asking rent was $65 per square foot, according to a source with knowledge of the deal. The length of the lease was not disclosed.

The company currently has its offices at HSP Real Estate Group and Marciano Investment Group’s 251 West 30th Street, south of Pennsylvania Station. Details of the move are murky as it signed its 3,987-square-foot lease there only in February 2020, Commercial Observer reported at the time.

Lincoln Property Company‘s Jeffrey Rosenblatt and Lee Doyle represented Pumpkin Pet Insurance while Brett Harvey of JLL represented Samco. JLL declined to comment.

Rosenblatt said the insurance provider is doubling its space and plans to move in the coming weeks, but declined further comment.

Built in 1913, 432 Park Avenue South stands 16 stories and is located between East 29th and East 30th streets. 

The building faced challenges as the first year of the pandemic dragged on with Samco filing a lawsuit against its tenant, the Gotham Organization, which owed $187,000 in outstanding rent.

In 2016, the landlord struggled to keep the retail portion of the building leased as Hale and Hearty Soups began the long, drawn-out process of shuttering many of its New York City locations.

Mark Hallum can be reached at mhallum@commercialobserver.com.

A pet insurance firm is moving its offices to NoMad. Pumpkin Pet Insurance has signed a lease for 10,000 square feet at Samco Properties’ 432 Park Avenue South, Crain’s New York Business first reported. Asking rent was $65 per square foot, according to a source with knowledge of the deal. The length of the leaseRead MoreChannel, Leases, Office, 251 West 30th Street, 432 Park Avenue South, Jeffrey Rosenblatt, JLL, Lincoln Property Compan, Pumpkin Pet Insurance, Samco Properties  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

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