TOWN IN THE NEWS

TOWN Residential Opens Commercial Real Estate Division to be Led by Jonathan Butwin

City Biz List, September 24, 2014



TOWN Residential, New York’s leading luxury real estate services firm, has announced the formation of TOWN Commercial. The new division will be led by industry leader Jonathan Butwin and will be located in the TOWN Building, 25 West 39th Street.  Company executives made the announcement today.

Prior to joining TOWN Commercial, Jonathan Butwin was a leading member of the prominent investment sales and advisory services group at Robert K. Futterman & Associates. With career transactions totaling over $700 million, Butwin was responsible for the acquisition and disposition needs of some of the country’s largest and most active investors.

Butwin is credited with closing over $300 million in transactions in 2012 alone, two of which were record-breaking Florida retail transactions. Butwin was also a key contributor to the sales of 63, 138 and 154 Spring Street; 257 Water Street; 127 Seventh Avenue; and 250 Bowery.

Butwin’s considerable achievements were recognized in 2013 when he was included in the Commercial Observer’s prestigious “30 Under 30” list of New York’s most promising young commercial real estate brokers. Butwin is also an active member of an array of real estate organizations, including: The International Council of Shopping Centers; The Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania; and the Real Estate Alliance of the Luther Rice Society, George Washington’s alumni network.

With a concentration in finance, Butwin received a bachelor’s degree in Business Administration from George Washington University School of Business.

“Building from TOWN’s innovative infrastructure and extensive client base, TOWN Commercial is poised for tremendous success,” said Butwin. “Together with my team, we will provide strategic insight and hands-on support to not only meet, but exceed, our clients’ acquisition, disposition and 1031-exchange needs.”

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