NEW YORK CITY – February 13, 2025 – Metropolitan Transportation Authority has assigned Spinoso Real Estate Group (Spinoso REG) as the new retail property management company for Grand Central Terminal & Grand Central Madison in Manhattan, NY.

Spinoso REG has been contracted by the Metropolitan Transportation Authority to provide retail property management, lease administration, property accounting, tenant coordination, construction management, specialty leasing, and public relations and promotional activities for both properties. Spinoso REG was awarded the assignment following a competitive Request for Proposal process. 

Founded in 2009 by industry veteran Carmen Spinoso, Spinoso Real Estate Group, headquartered in upstate New York, currently provides expansive expertise and services to more than 40 large-scale retail-based properties across 25 states. Their portfolio includes four company owned properties as well. 

“Spinoso Real Estate Group is thrilled to take on the assignment of managing these iconic NYC assets for the Metropolitan Transportation Authority,” stated Carmen Spinoso, SREG CEO/Founder. “Our team truly loves the work we do. We are excited to bring a fresh perspective, creative approaches, and boundless energy to drive maximum value of Grand Central Terminal and Grand Central Madison for the Metropolitan Transportation Authority, the metro NYC community, and its visitors.”

Spinoso REG’s experience includes successfully managing, leasing, and repositioning 98 large-scale retail-based properties encompassing more than 84 million square feet since their inception. So far in 2024, Spinoso REG has now been assigned and onboarded 9 new third-party assignments into their platform.

Grand Central Terminal is a center of transportation, civic architecture, and commerce embodying the historic, economic, cultural, and optimistic spirit of New York City. Today Grand Central Terminal welcomes hundreds of thousands of visitors daily and hosts more than 80+ options for shopping and dining. 

The new Grand Central Madison station is located below the historic Grand Central Terminal, allowing for direct Long Island Rail Road service to Manhattan’s east side for the first time ever. The station is home to several artworks by world-renowned artists including two large-scale murals, digital artwork, photography exhibit, and original artwork from Long Island students.

As a real estate category, enclosed retail centers are highly complex, with many interconnected issues, obstacles, and opportunities. The uniquely complex and nuanced nature of these facilities requires special expertise. Spinoso REG plans to expand and strengthen the current retail environment and bring unique community centered events, providing a world-class shopping, dining, and entertainment experience for all.

“Spinoso REG has been studying and researching New York City retail and has been looking for the right opportunity that would allow us to bring our vast experience, unique perspective, and eagerness to an extraordinary retail-centric mix-use project in the physical and emotional heart of New York City,” said Spinoso. “Our team is very excited to work collaboratively with the team at Grand Central Terminal and Grand Central Madison as well as the Metropolitan Transportation Authority, vendors, and all stakeholders involved to take these properties to new heights.”

About Spinoso Real Estate Group

Spinoso Real Estate Group is a national real estate firm, recognized as a premier operator of enclosed shopping malls and large-scale retail-based mixed-use properties. Spinoso REG has a proven track record of transforming and improving 96 mall and large-scale retail projects totaling more than 81 million square feet from coast-to-coast. As an industry-leading investment and operating platform, the firm offers a wide range of services including acquisition, recapitalization, market/asset analysis, leasing, property management, repositioning, marketing, development, stabilization, and re-development/densification. For more information visit www.spinosoreg.com.