New York, NY (PRWEB) August 31, 2013
Edison Properties announced today that Sandy Monaghan has joined the company as Executive Vice President of The Hippodrome building, located at 1120 Avenue of the Americas, in New York City.
The Hippodrome is a 21-story, 680,280-square-foot, Class A office building in Midtown Manhattan that includes street-level retail amenities, executive office space and a 620-space, attached Edison ParkFast parking garage. It is also home to the company’s Executive Suites and Pre-Built Suites workspace offices.
Mr. Monaghan will be responsible for the asset management and sales efforts of The Hippodrome. He will focus on maximizing the long-term value of the property through active strategic positioning, oversight and coordination of a top-flight team of on-site managers, and branding, sales and marketing efforts.
“Sandy’s diverse background and leadership experience will be an enormous asset to The Hippodrome and to our ownership team,” said Gary DeBode, CEO of Edison Properties.
Andy Gottesman, Principal of The Hippodrome, added: “Sandy’s experience will greatly enhance our asset management capabilities for this property. We look forward to working and growing with him.”
Mr. Monaghan has expertise in asset management, commercial leasing and investment sales and acquisitions. He previously served as Managing Director with Cushman & Wakefield in New York and was the national practice leader of its Resolution Group, providing asset recovery solutions to clients with underperforming real estate. Mr. Monaghan was also responsible for Cushman & Wakefield’s property management business in the Mid-Atlantic Region.
Prior to joining Cushman & Wakefield, Mr. Monaghan was Vice President of Asset Management with JP.Morgan in its Global Real Assets division. While there, he managed a $3.5 billion, 5-million-square-foot portfolio of office and industrial assets in New York City, New Jersey and Boston, as well as a national self-storage and medical office portfolio.
In addition to owning and managing The Hippodrome, Edison Properties is the family-owned parent company of Manhattan Mini Storage, New York’s self-storage leader and one of the city’s favorite brands, thanks to its famous subway ads and billboards. The company also owns and operates Edison ParkFast – 40 garages and parking lots throughout New York City, as well as Northeastern New Jersey and Baltimore. Other properties include WorkSpace Offices, Executive Suites and Pre-Built Suites and the Ludlow, a luxury residential high-rise on the Lower East Side.
To learn more, contact Stacy Stuart at 973-849-2556.