Rose Associates Named Managing and Leasing Agent at The Wimbledon on Manhattan's Upper East Side
Posted On March 16, 2015
Rose Associates, the New York-based full-service real estate firm, announced today that it has been named the exclusive leasing and managing agent at The Wimbledon, a luxury rental property located at 200 East 82nd Street in Manhattan. Owned by the Boston-based Rockpoint Group, The Wimbledon offers 223 apartments in studio, one-, two-, three- and four-bedroom configurations.
“We are pleased to assume the role of managing and leasing agent at this standout Upper East Side building,” said Mitchell S. Gelberg, senior managing director at Rose Associates. “With its prominent location and spacious apartments, The Wimbledon is a highly desirable place to live.”
The Wimbledon offers an attended lobby and spacious roof deck. While the property’s apartments and common areas have been renovated over the years, Rose is analyzing the feasibility of a new renovation program, which would include combining units to create more three- and four-bedroom apartments.
“At The Wimbledon, we see an opportunity to increase the number of large apartments. Three- and four-bedroom apartments are in very high demand, so we will consider combining and fully renovating units as they become vacant,” said Gelberg. “As in any Rose-driven renovation program, we’ll also look at repurposing or adding features to the property’s common areas.”
The Wimbledon is a short walk from Central Park and the Metropolitan Museum of Art. It is also close to the 4, 5 and 6 subway trains. Additional information is available at www.rentrose.com.
About The Rockpoint Group, L.L.C.
Rockpoint Group, L.L.C. is a real estate private equity firm headquartered in Boston, with additional primary offices in Dallas and San Francisco. Rockpoint is led by Bill Walton and Keith Gelb, who are co-founders and Managing Members of Rockpoint and have been working and investing together for more than 20 years. Rockpoint’s additional Managing Members, who have been working together for more than 15 years, include Pat Fox, Tom Gilbane and Aric Shalev. Since 1994, Rockpoint’s Founding Managing Members with others have sponsored eleven commingled funds and seven co-investment vehicles, raising approximately $14 billion in capital commitments and investing approximately $11 billion of equity in over 345 transactions with a total capitalization of approximately $44 billion. Rockpoint employs a fundamental value approach to investing in both its opportunistic and lower-risk strategies and focuses on select product types and geographic regions, with a primary emphasis on opportunities in major coastal markets in the United States.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.