Middle market-focused firm strengthens its asset management division and fortifies service platform with addition of senior advisor and his team

HSP Real Estate Group (HSP), a member of NAI Global, announces the strengthening of its asset management division with the hiring of Steven Pressler, who joins the firm as Executive Vice President/Asset Management.

“We have brought in a highly-respected professional to help strategically grow HSP,” says Gerard Nocera, Managing Partner. “Steve has years of in-depth experience in our core markets and fits seamlessly into our company.”

The appointment reflects HSP’s commitment to providing institutional-quality services to owners of commercial real estate assets throughout New York City, with a focus on the middle market sector and value-add properties. HSP’s other major divisions include acquisitions, leasing, construction management, and property management. Currently, the firm has more than 5 million square feet of commercial assets under ownership and/or management.

Adds Michael Reid, Managing Partner, HSP, “Steve shares our vision and dedication to excellence in all aspects of our business. We all believe our mission is to maximize the value of the assets under our watch.”

Mr. Pressler is recognized industry-wide as the co-founder of Promenade Real Estate Corp., where he oversaw a full complement of asset management services that included the leasing and management of office, showroom and retail properties. Over the years, the firm represented such prominent owners as APF Properties, Blackstone, DG Anlage, DZ Bank, First Pioneer Properties, SL Green Realty Corp., Jeff Sutton, Meadow Partners, GAFISA (USA), Western Heritable Management, and the Witkoff Group. As the owner’s representative for DZ Bank at 609 Fifth Avenue, Mr. Pressler arranged a sale/leaseback of the property to Jeff Sutton, then assisted him in creating a multi-level, 42,000-square-foot retail space in the building and leased it to American Girl Place. The transaction was awarded “Most Creative Retail Deal” by REBNY.

In his new position at HSP Real Estate Group, Mr. Pressler is joined by long-time colleague Joanne Agoglia, who will serve as Executive Vice President/Asset Management. In addition, Denzel Munroe and Victoria Assim join the team as associates. Together, they are responsible for a portfolio that includes 720 Fifth Avenue, 724 Fifth Avenue, 174 Broadway, 530 Broadway, 764 Madison Avenue, 799 Madison Avenue, 803 Madison Avenue, 824 Madison Avenue, 844 Madison Avenue, 15 West 44th Street, and 22 East 49th Street.

“I have known the managing partners at HSP for many years and appreciate how skillfully they bring an owner’s perspective to their asset management portfolios,” says Mr. Pressler.

Mr. Pressler is a member of the Real Estate Board of New York and sits on the Plaza District and Building Agent Rental Committees. Prior to joining HSP, he served as Principal, Asset Services at Coldwell Banker Commercial Advisors. He holds a B.S. degree in Economics from the University of Delaware.

About HSP Real Estate Group, a Member of NAI Global

HSP Real Estate Group is a fully integrated, full-service real estate firm with approximately 5 million square feet of commercial assets under ownership and/or management. The firm specializes in building management, tenant representation, landlord representation, commercial co-op/condo sales, retail and hospitality leasing, and consulting.

Its diverse leasing and management portfolio of includes 885 Third Avenue, 251 West 30th Street, 1450 Broadway, 45 West 34th Street, 148 Madison Avenue, 6 West 48th Street, 24-32 Union Square, 720 Fifth Avenue, 724 Fifth Avenue, 174 Broadway, 530 Broadway, 764 Madison Avenue, 799 Madison Avenue, 803 Madison Avenue, 824 Madison Avenue, 844 Madison Avenue, 15 West 44th Street, 22 East 49th Street, and other notable buildings.

HSP Real Estate Group is the New York City member of NAI Global, the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. The offices of HSP Real Estate Group are located at 1040 Avenue of the Americas and 885 Third Avenue.