11/21/08

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Warburg moving Tribeca, Greenwich Village offices

Warburg Realty Partnership will be moving both of its lower Manhattan offices to new locations by spring.

The firm's temporary Tribeca office on Vestry Street will find a permanent home in an approximately 2,000-square-foot, second-floor office at 100 Hudson Street this month. It will support 21 brokers.

Warburg's Greenwich Village office, now at 795 Broadway, will move to a 2,750-square-foot storefront office at 65 West 13th Street by the spring, where 31 brokers will be based.

"Each of them has a different raison d' tre," Warburg president Frederick Peters told The Real Deal. "The Tribeca office is just a response to the fact that we wanted to be in Tribeca, and we saw it as an opportunity. The Village office, our lease was coming up, so we thought either we're going to renew it or we were going to do something else. And we decided we actually wouldn't mind having a little more space."

No stranger to office expansion in Manhattan, Warburg has since late 2004 opened locations in Harlem and the Upper East Side as well as the temporary location in Tribeca, which opened in September.