SPRINKLES!
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| While we’re talking about DC, the original cupcake bakery Sprinklesis about to open in its ninth city when it opens its new digs in the nation’s capital this Thursday. Founder Charles Nelson paid us a visit at Bisnow HQ yesterday and brought with him two boxes of treats, including these emblazoned with the Bisnow logo. Sprinkles is also in other Bisnow markets including Beverly Hills, Chicago,Dallas, Houston, and is set to open at 780 Lexington in NYC this summer. (You may also recognize Charles’ wife, Candace, a judge on the Food Network’s "Cupcake Wars.") Charles tells us Sprinkles will be active in delivery and in business parties, in addition to private parties. Find more info on Sprinkles (and place an order) here. |
| Sales Transactions |
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| Metropolitan Realty Associates, Belvedere Capital, and Angelo Gordon & Co purchased the 150k SF office portion of 15 E 26th Stfrom RREEF Alternative Investments and Walter & Samuels for$33M. The newly acquired slice makes up the first eight floors and is 45% vacant. Duval & Stachenfeld repped the buyer, while Eastdil Secured’s Douglas Harmon repped the seller. In conjunction with the deal, Vera Wang signed a 12-year, 39k SF lease at the building. Walter & Samuels’ Harve Schuster and CBRE’s Glenn Issacsonrepped the tenant, while Walter & Samuels’ James Gladstonerepped the new owners. ***CommonWealth REIT purchased the 120k SF 5 Paragon Dr inMontvale, NJ from Invesco Real Estate for $20.6M. Holliday Fenoglio Fowler’s Jose Cruz, Andrew Scandalios, Kevin O’Hearn, and Jeffrey Julien repped the seller. *** Friedman-Roth Realty Services sold two buildings: the 39-unit 250 E 77th St for $13.3M, and the 15-unit 405 E 77th St for $3.8M. The firm’s Eric Lupo repped the sellers and buyers—different for each purchase—in both deals. *** Prospect Park Apt LLC purchased four contiguous apartment buildings at 1702-1722 Canton Ave in the Ditmas Park, Brooklyn from Trans Montane for $8.5M. Rosewood Realty Group’s Aaron Jungreis repped both the seller and buyer. *** 24-36 Grove LLC purchased 24 and 36 Grove St in New Canaan, Conn. from Defgey and Co for $6.6M. Cushman & Wakefield’s Al Mirin and Kate Schwartz repped the seller (the transaction was initiated while the duo was at CBRE). *** Massey Knakal sold four properties: a medical condo at 915-919 Second Ave for $3.9M cash (brokers: James Nelson and Clint Olsen); two adjacent retail buildings totaling nearly 11k SF at 1517-1523 Mermaid Ave in Coney Island for $1.6M cash (broker: Brian Hanson); and a development site at 405-415 South 3rd St in Williamsburg, Brooklyn for $1.5M cash (brokers: Mark Lively andBob Knakal). *** Kam Full LLC purchased a five-story, 10k SF, 15-unit apartment building at 518 E 81st St from NSS Realty for $4.1M. Eastern Consolidated’s Peter Carillo, Louis Ricci, and Paul Nigido repped the seller, while Peter procured the buyer. *** Berkeley Palisades Park purchased a 6.5-acre Fort Lee, NJ development site, dubbed Trio East, as part of a court order fromTarragon for $1.8M. Cushman & Wakefield’s Andrew Merin, Gary Gabriel, David Bernhaut, and Brian Whitmer orchestrated the sale. Lease Transactions |
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| Wilson Elser Moskowitz Edelman & Dicker signed a 17.5-year, 37k SF lease at 125 Broad St. Studley’s Howard Nottingham and John Mambrino, along with The John Buck Co’s Greg Gerber, repped the tenant, while CBRE repped owner Mack-Cali. ***Wiggin and Dana signed an 11-year, 23k SF lease at Two Stamford Plaza in downtown Stamford, Conn. JLL’s Ed Tonnessen, George Walker, and John Stoddard repped the tenant, while Margaret Carlson repped owner RFR Realty in-house. *** 400 Madison Ave saw six leases totaling nearly 19k SF, among them: Radius Ventures’ 3,865 SF renewal (tenant reps: Newmark Knight Frank’s Brian Steinwurtzel and Allen Gurevich); Edge Technology Group’s 3,740 SF lease (tenant rep: JLL’s Paul Formichelli); Atlantic-Pacific Capital’s 3,414 SF lease (tenant rep: Cushman & Wakefield’s David Berke), and Equator’s 2,706 SF lease (tenant rep: JLL’s Oliver Lloyd). JLL’s Cynthia Wasserbergerand Randy Abend repped owner William Macklowe Co. *** 32 and 42 Broadway saw four leases totaling over 17k SF: 42 Copy’s 10-year, 14k SF lease; Feldman Kronfeld & Beatty’s 1,300 SF lease; SinglePlatform Corp’s 1,200 SF lease; and Caruso Painting & Decorating Corp’s 1k SF lease. The Lawrence Group’sThomas Hettler and David Ofman repped owner Cammeby’s International in the leases, while Colliers International repped SinglePlatform. *** Reliance Globalcom Services signed a nearly 12k SF direct lease at 600 Third Ave, where it has been subleasing space. Cassidy Turley’s Tim Kucha and Jonathan Schindler repped the tenant, while owner L&L Holding Co was repped in-house. Up the street,The Center for Microsurgical Breast Reconstruction signed a4,228 SF lease at 630 Third Ave. Halstead Commercial’s Tito Ghose and Ryan Gessin repped the tenant, while Newmark Knight Frank’s Arthur Draznin and Ryan Baum repped owner ATCO Properties & Management. *** DB Grant Associations inked a long-term, 8,578 SF lease at 60 Madison Ave. Newmark Knight Frank’s Andrew Udis repped the tenant, while Kimia Shadrokh repped owner The Moinian Group in-house. *** Terremark Worldwide inked a 5,000 SF lease for a pre-built suite at112 W 34th St.. Cushman & Wakefield’s Clark Finney repped the tenant, while C&W’s Mitchell Arkin, Mark Mandell, and Ethan Silverstein repped owner W&H Properties. *** 5 Napkin Burger leased its fourth NYC location, taking 3,570 SF at150 E 14th St. Winick Realty Group’s Tatiana Jung-Voevodina andRichard Smith repped the tenant, while owner Solil Managementwas repped in-house by Judy Brener. *** 7-Eleven signed a long-term, 2,800 SF lease at 504 Terrill Rd inPlainfield, NJ. NAI James E Hanson’s Gary Sauerborn repped owner Plainfield Chai Associates. Financing Sentinel Data Centers closed on a $90M loan for a 330k SF data center in Somerset, NJ. Led by M&T Bank, the loan transaction coincides with Sentinel’s completion of the first 140k SF phase of its LEED Gold certified NJ-1 facility. *** Meridian Capital Group arranged nearly $43M in new mortgages, including: $22.2M for a 336-unit multifamily complex on Fulton Ave in Hempstead, Long Island (arranged by Avi Weinstock and Josh Rhine); $8.4M for a 113-unit multifamily building on 147th St in Flushing (arranged by Judah Hammer); $5.5M for a four-story multifamily building on 96th St in Brooklyn(arranged by Isaac Filler); and $3.5M for two six-story multifamily buildings on W 107th St(arranged by Weinstock and Rhine). *** Holliday Fenoglio Fowler arranged a $39.3M refinancing for a four-property multifamily portfolio, including Summit Manor at 54 Berkshire Pl and Oak Terrace at 7a South Lake Drive inHackensack, Pompton Hills at 615 Hamburg Turnpike in Pompton Lakes, and Radnor Manor Apartments at 15-60 Pollet Dr in Fair Lawn. The firm’s Thomas Didio and Samuel Seiden repped borrower Hekemian & Co. *** Meridian Capital Group also arranged a $22.3M mortgage to refinance a 65k SF mixed-use office and retail building on Fifth Ave. The 10-year mortgage was provided by UBS Securities and features a competitive fixed-rate. Isaac Filler originated the transaction. Business Sentinel Data Centers and Kelso & Co entered an investment partnership. Under the terms of the transaction, Kelso will invest alongside Sentinel’s founders, providing the entity with up to $300Mof aggregate equity capital for expansion. Executive Moves Reid Berch, Thomas DiMicelli, and Douglas Omstrom joined JLL’s Long Island office as SVPs. They each have more than two decades’ experience in the market; Reid is a Ramapo College grad, and Douglas is a NYIT grad. *** Warren Dahlstrom joined Colliers International as president of its investment services group, based out of DC, responsible for growing the organization through aggressive biz development and key hires. He was previously principal of his own firm, Dahlstrom Real Estate Advisors, and held positions at Cushman & Wakefield, Carey Winston Co, and Grubb & Ellis. He’s a UVA and University of Colorado grad. *** Jason Lund joined Colliers International as director, serving as a corporate advisors and tenant rep specialist and concentrating on space acquisitions, dispositions, and leasing. He was previously withCushman & Wakefield and held positions at Staubach and a DC-area tenant rep specialist. He’s a College of Charleston grad. *** Brent Jenkins joined LCOR as development director, responsible for pursuing new investment and development opportunities and optimizing the existing portfolio. He was previously with Archstone, and held positions at AIG Global Investment Group and other asset and property management roles. He’s a University of California andRutgers grad. *** Andrew Brave joined CPEX Real Estate Services as associate director on the NY multifamily sales team. He joins from six years of developing a portfolio of small multifamily homes and managing the individual portfolios of several investors, and also worked forMoody’s Investors Service. He’s a UPENN and Yale grad. *** Ashley Cohen joined Ashlind Properties as director. She was previously a lifestyle division coordinator at a NYC public relations firm, and is a Marymount College grad. *** Michael Bolla joined Prudential Douglas Elliman as senior managing director. He has two decades of experience, and is a specialist in historic preservation, restoring storied properties into luxury living spaces. *** John Perez joined Gardiner & Theobald as director of healthcare services, overseeing construction consultants and growing the firm’s overall market position. He was previously with Granary Associatesand a Pace University grad. *** JLL promoted Frank Doyle to vice chairman of its NY brokerage operation. He has more than 23 years of experience in NY commercial real estate, specializing in dispositions and acquisitions for major institutions, financial services and law firms, with a particular focus on Midtown. He’s a Dartmouth and Columbia grad. *** Cushman & Wakefield promoted Dan Johnsen to associate director of its East Rutherford, NJ office. He’s been with the firm since ’07, and focuses on corporate leasing and landlord representation. He’s aMonmouth University grad. *** Jarmel Kizel Architects and Engineers promoted Ritu Sohal to project manager, responsible for leading various phases of architectural design, overseeing all aspects of project development, and coordinating project development with the firm’s civil, structural, MEP, and fire protection studios. She’s a NJIT grad. |
