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Jay Properties Acquires Midtown Offices to House Jay Conference Location
Jay Properties has acquired a 142,000-square-foot office property at 8 W. 38th St. in Midtown Manhattan, located between Grand Central Terminal and Penn Station. The property will include a grand opening of the latest Jay Conference Empire Location in New York City.
In a strategic move to enhance client experience and reduce reliance on external landlords, the company has acquired the entire building under Jay Properties, the investment arm of Jay Suites and Jay Conference. This acquisition aligns with the company’s goal to offer a more integrated and hospitable experience.
Co-founder Juda Srour said, “In many of our previous locations, we operated as tenants renting space. Our goal has always been to own the building, eliminating the need for a landlord and providing clients with a superior experience from the moment they walk through the doors.”
- ◦Sale/Acquisition