Press | 2019's Dealmakers
Meet 2019’s Real Estate Dealmakers
By Real Estate Weekly | October 10, 2010
Michael Lenchner | Vice President & Director of Leasing
Michael has achieved a number of important leasing successes over the last several years. Among his most significant transactions representing the William Kaufman Organization, include a new lease for WeWork at 437 Madison Avenue (362,197 square feet); a new lease and expansion for prominent fashion house Theory at 2 Gansevoort Street (102,032 square feet); a new direct lease and expansion for Lewis Brisbois Bisgaard & Smith LLP at 77 Water Street (100,952 square feet); and a direct lease with nationally-renowned healthcare organization the Hospital for Special Surgery at 777 Third Avenue (123,250 square feet).
With his keen negotiating skills, steady leadership and a thorough knowledge of the marketplace, Michael Lenchner is one of the most respected and well-known commercial real estate executives in New York City.
Lenchner, who joined Sage Realty Corporation in 1990, now serves as Vice President and Director of Leasing. In this role, he manages all aspects of day-to-day negotiations, oversight and coordination of all leasing transactions in the William Kaufman Organization’s (WKO) office portfolio, comprising approximately three million square feet of commercial and retail space in Manhattan. In addition, he plays an active role in the management of Sage Realty and serves as an officer and shareholder of the company.
During his tenure, Lenchner has been instrumental in the repositioning of 77 Water Street, where Sage Realty recently took full control of the property; and has taken on a leadership role in the $60 million renovation of 437 Madison Avenue.
Over the years, Lenchner has been involved with many of the company’s most high-profile leasing assignments. In total, he has completed leasing transactions totaling in excess of 5.5 million square feet with a transactional value in the billions of dollars. Among some of those larger deals are the 550,000 square foot net lease to Goldman Sachs at 77 Water Street, the 430,000 square foot lease renewal with Grey Global Group at 777 Third Avenue, the 345,000 square foot lease renewal with Omnicom Group, Inc. at 437 Madison Avenue and the 271,150 square foot lease to Avon Products at 777 Third Avenue.
