GOOGLE BUYS; THE DEAL SHEET
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| American Realty Capital purchased a Bleecker St luxury retail portfolio of six leased retail condos at 367-369, 382-384, and 387 Bleecker St, from Beck Street Capital for $34M. Massey Knakal’s James Nelson, Bob Knakal, and Mitchell Levine repped the seller. Tenants include Michael Kors, Marc Jacobs, Burberry APC, and Mulberry. ***Massey Knakal also sold three other properties: the original 28,495 SF Williamsburg Savings Bank Building at 151-175 Broadway in Williamsburg, Brooklyn for $4.5M cash (brokers: Brendan Maddigan, Mark Lively, and Paul Massey; buyer: Bullwhip Management’s Juan Figueroa); a 3,764 SF renaissance revival townhouse at 164 W 81st St for $4.3M cash (broker: Hall Oster; buyer rep: The Corcoran Group’s Eileen Mintz); and a 3,530 SF commercial building at 225 E. 59th St for $3.9M (broker: Clinton Olsen). *** Functional Life Achievement purchased the 12,366 SF 236 Second Ave from Cogate for $10.7M. Murray Hill Properties’ Audrey Novoa, Roxana Girand, and Whitney Anderson repped the seller, while Abraham & Martin’s John Belitsky repped the buyer. *** Highcap Group’s Josh Goldflam sold two properties: a 13,500 SF luxury elevator apartment building at 484 Humboldt St in Brooklyn for $5.1M; and a five-story walkup with 10 units at 260 W 73rd St in Manhattan for $2.9M. He repped the sellers and buyers in both transactions. *** Insurance Restoration Specialists purchased a 25,845 SF industrial/flex facility at 30 Abeel Rd in Monroe Township, NJ from Mori Seiki for an undisclosed price. CBRE’s Scott Belfer and Lou Belfer repped the seller and buyer. *** Fortress CD purchased seven buildings (148 apartments total) near Fordham University and Kingsbridge Armory in the Bronx from Zar Property NY for an undisclosed price. Marcus & Millichap’s Marco Lala brokered the deal. Lease Transactions 320 Park Ave saw two deals: Weiss Multi-Strategy Advisers’ 15-year, 49,678 SF renewal (tenant reps: Cassidy Turley’s Mark Boisi and Nicky Heryet) and Ontario Municipal Employees Retirement System’s new four-year, 19,274 SF lease (tenant reps: CBRE’s John Nugent and Anthony LoPresti). Building owner Mutual of America was repped by JLL’s Frank Doyle and David Kleiner. *** East Asia meets the East River, as the Permanent Mission of Japan has signed a 50,740 SF lease renewal at 866 United Nations Plaza. Cassidy Turley’s Mariyon Robertson and Junji Miyake repped the tenant, while Vornado’s Glen Weiss, Martin Dresner, and Jared Soloman repped the owner, 866 UN Plaza Associates/Vornado Office Management. *** | ||||
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| WE WORK NYC signed a 15-year, 43k SF lease at 349 Fifth Ave. The owner of the 64k SF building is Zar Property NY. ***American De Rosa Lamparts inked a 42k SF lease at 725 Broadway Ave in Holbrook, Long Island, relocating and expanding from its Hauppauge location. Ashlind Properties’ Richard Cohen and Ashley Cohen repped the tenant, while Colliers International’s Michael Schefren repped owner Industrial Management, a company owned by investor Rubin Schron. *** Academy of Educational Development is relocating its NYC offices to 28k SF at 71 Fifth Ave. Studley’s Craig Lemle repped the tenant, while Jeffrey Smith and Joshua Smith repped owner Samco in-house. *** GROHE America inked a 10-year, 15,219 SF lease at 160 Fifth Ave. NAI Global NYC’s Henry Goodfriend and Philip Silverstein repped the tenant. *** Newmark Knight Frank’s David Simson and Michael Staskiewicz repped two Northern NJ tenant relocations: The Callagy Group’s 9,191 SF move to 650 From Rd in Paramus (owner: Mack-Cali) and Corneal Associates of New Jersey’s 8,647 move to 100 Passaic Ave in Fairfield (owner rep: Grubb & Ellis for Accordia Realty). *** Nadeau inked a 7,800 SF lease at 57 E 11th St in Greenwich Village, where it’s opening its first NYC location. Robert K. Futterman & Associates’ Gary Alterman and Ross Berkowitz repped the tenant, while RKF’s Ariel Schuster and Jackie Totolo repped owner The Winter Organization. Also opening its first NYC store is urban clothier Nida, which signed a 2,100 SF lease at 571-573 Hudson St in the West Village. RKF’s Karen Bellantoni and Caleb Petersen repped the tenant, while Newmark Knight Frank’s Amira Yunis and Jared Lack repped owner 571 Hudson Street Corp. *** Panera Bread is serving up a 15-year, 4,500 SF lease at 345 Adams St, its first Brooklyn location. Ripco Real Estate’s Thomas Rettaliata repped the tenant, while Greenstone Realty Corp’s Robert Greenstone repped owner Muss Development. *** Fifth Street Management, the investment adviser of Fifth Street Finance Corp, inked a 3,560 SF lease at 2 Greenwich Office Park in Greenwich, Conn. CBRE’s David Block and Michael Siegel repped the owner. *** The Atlantic Group signed a long-term 3,200 SF lease at 8 W 38th St. Savitt Partners’ Elliott Zelinger repped the tenant, while Newmark Knight Frank’s Ronnie Zimmerman and Andy Udis repped owner Fraglow Realty. Financing GCP Capital Group arranged nearly $50M in financing: $10.5M for a six-story elevator apartment building with 131 units on Wadsworth Ave (arranged by Adam Brostovski); $9.2M for three apartment buildings comprising 79 units in Brooklyn (arranged by Matthew Classi); $7.9M for a three-story, 40k SF commercial building in Manhattan (arranged by Alan Perlmutter); $5.1M for a 52k SF self-storage facility in Manhattan (arranged by David Sessa); and $4.4M for the development of a 18-unit residential building on 28th St in Astoria (arranged by Matthew Albano). Executive Moves Vince Tuminelli joined Colliers International as executive managing director, helping grow the tenant rep and corporate services division. He was previously with CBRE, and held positions at Cushman & Wakefield and Studley. He’s a St. John’s grad. *** Jamie Drummond joined Newmark Knight Frank as principal in its Rutherford, NJ office, specializing in dispositions, acquisitions, strategic planning, and long-term real estate solution development. He was previously with Colliers International, and prior to his career in real estate, held positions at EchoStar/Dish Network and Hughes Electronics Corp. He’s a Widener University grad. *** Peter Steier joined Carlton Advisory Services as managing director, where he will focus on investment and loan sales, as well as debt and equity investments. Previously, he was with Inland Capital Corp, where he oversaw the East Coast region. He also held positions at LEM Mezzanine and Provident Mutual Life Insurance Co. He’s a University of Arizona grad. *** Paul Macapagal joined The Real Estate Group NY as VP, where he will focus on high-end rentals and new developments. He was previously with Prudential Douglas Elliman, and also held a position at Nest Seekers International. He’s a Baruch grad. *** Skanska promoted Tom Webb to general manager of the NY metro region, responsible for overall business operations in NY and NJ, and developing and maintaining client relationships. He was previously SVP of business development. The firm also promoted Patrick Ward to VP of estimating, previously serving as project executive of estimating. *** Joseph Jaffe joined LePatner and Associates as partner, and with Jonathan Newcomb will lead Proactive Integrity Associates, an affiliated firm that provides investigative, consulting, forensic, due diligence, oversight, and monitoring services. The team will oversee construction industry practices, construction cost management, and project management investigations on behalf of public agencies and private owners and developers. He was previously with UHY Advisors FLVS, SIRM Services, and Decision Strategies. He’s a NYU School of Law and Cornell grad. Jonathan will be principal, and was previously with UHY, Citigate Global Intelligence & Security, and Decision Strategies. He’s a University of Richmond grad. |
