Redevelopment Momentum Waterman Interests is actively redeveloping a 605,000-square-foot office tower in partnership with HPS Investment Partners, signaling a growth engine for asset repositioning. This creates cross-sell opportunities for construction management, asset management, leasing, and sustainability upgrades to improve returns on a marquee asset.

Premium Portfolio Access The company owns and operates high-profile Manhattan and Long Island City properties (Lever House, 400 Park Ave, LIC assets), which provides a platform to attract top-tier tenants and offer premium leasing, property services, and integrated retail/self-storage options to expand occupancy and rent roll.

Leadership Experience With founder Philip Waterman III and a management team totaling over a century of CRE experience, Waterman Interests can engage in sophisticated deal structuring, joint ventures, and lender relationships to finance expansions and complex redevelopments.

Mid-market Growth Revenue is in the mid-market range (10-25 million), indicating room for growth through asset optimization, refinancing, and scalable management services; potential sales opportunities include asset management, leasing, and capital markets advisory for existing and planned properties.

Digital Sustainability The firm’s technology footprint includes WordPress and various web, marketing, and collaboration tools; opportunities exist to offer PropTech-enabled marketing, tenant experience platforms, and sustainability-focused upgrades during redevelopment to attract tenants and reduce operating costs.