GREINER-MALTZ COMPLETES LEASE TRANSACTION FOR OPENING OF FIRST ELEVATOR MUSEUM IN THE U.S.

Long Island City, NY, May 18, 2011 -- Greiner-Maltz is pleased to announce that they have completed the leasing transaction of 21-03 44th Avenue in Long Island City, for use as the first museum of elevator artifacts in the United States.

The Museum, which is slated to open upon receiving approval by the New York State Board of Regents as a non-profit museum, will occupy all of the available space on the 2nd floor of this 2 story, 30,000 sf building.

In the leasing transaction arranged by Ryan Maltz, of Greiner-Maltz, the dream of the museum’s founder, Patrick Carrajat, a noted elevator industry executive, will be fulfilled. Mr. Carrajat has been in the industry for 48 years. He first founded Century Elevator in 1973, went on to start Certified Elevator in the 1980’s, and later created the LIR Consulting Group. As a noted consultant and industry expert, Mr. Carrajat saw a need to preserve the quickly diminishing supply of historical artifacts associated with the evolution of the elevator and escalator industry.

Working with Ryan Maltz, Mr. Carrajat focused his search for a suitable location in Long Island City, as it is the center for many elevator manufacturing and maintenance companies, as well as the close fit with other public venues such as MOMA’s PS1 and numerous galleries and showrooms. The museum will also be in close proximity to Silvercup Studios and the CitiCorp Tower.

Ryan Maltz represented both the lessor (Exclusive Realty Services), and lessee (LIR Consulting Group) in this transaction. There is approximately 2,000 sf of remaining available space in this property, and it is available for $25.00 psf.

For more information on this Greiner-Maltz property or any other available properties in the NY, NJ, or LI Metropolitan area please call Ryan Maltz at 718-786-5050 or visit our Website at www.greinermaltz.com.

About Greiner-Maltz
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester. www.GreinerMaltz.com