LEASES
Morris Heights Medical Group signed a 10k SF lease at 825 E 233rd St, the Bronx. Besen Retail’s Richard Torres and Patrick DeGennaro repped both the tenant and the owner, 825 E. 233rd LLC.
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Ariel Investments signed a 6,500 SF lease at 340 Madison. JLL’s Shawna Menifee repped the tenant, while CBRE’s Paul Amrich,Howard Fiddle, Craig Reicher, James Ackerson, and Christie Harle repped the owner, a JV of RXR Realty, USAA, and Broadway Partners.
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Pret A Manger signed two long-term leases: for 4,300 SF at 821 Broadway and 1,700 SF at 825 Eighth Ave (One Worldwide Plaza). RKF’s Joshua Strauss and Jackie Totolo repped the tenant in both deals.
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1 Bite Mediterranean inked a 3,600 SF lease at 875 Third Ave. Prudential Douglas Elliman’s Faith Hope Consolo, Joseph Aquino, and Dawn Ferrer repped the tenant, while Cushman & Wakefield repped the owner.
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A day care center took 2,500 SF at 2060-2064 Wallace Ave, the Bronx. Besen Retail’s Matt Mager and Elliott Dweck repped both the tenant and owner, BLDG Management Co.
FINANCING
GCP Capital Group arranged: $57M for a portfolio of six apartment buildings totaling 111 units and 23k SF of commercial space in the East Village (arranged by Matthew Classi); $4.7M for a 41-unit, six-story walkup apartment building on East 95th Street and $4.6M for a 23-unit, six-story walkup apartment building on East 11th Street(both arranged by Matthew Albano); and $1.6M for a 23-unit, four-story walkup apartment building on East 23rd Street (arranged by Paul Greenbaum).
CONSTRUCTION & DEVELOPMENT
The Empire State Building is expanding its pre-built program with 15 new suites under construction and 30 additional spaces planned. The current 26 pre-builts range from 3,000 to 7,000 SF and are built to LEED Silver requirements.
BUSINESS
RPM GP launched The Rising Property Opportunity Fund, established to acquire, development, and maximize the potential of properties along the North East Waterfront of Staten Island. The firm’s Charles Vista is the sole placement agent raising capital.
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Former founding partners of DJM Realty Andrew Graiser and Emilio Amendola launched A&G Realty Partners, a real estate consulting, advisory, and investment group. It will invest in assets including retail, office, and industrial, as well as purchase or co-invest in mortgages.
