THE DEAL SHEET
| ARUP has subleased its Hudson Square offices and is making a move to 100k SF at 77 Water St, where it will occupy four floors. | ||
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| The 15-year agreement includes a nine-year sublease and six-year direct lease from The Kaufman Org. Legacy Real Estate's Ken Fishel (above, with 77 Water in the background) repped the tenant, while Cushman & Wakefield's Robert Constable, Louis D'Avanzo, and Joseph Fabrizi repped the sublessor. Additionally, Ken and colleague Aliza Weston repped Arup in the sublease at the tenant's existing space at 155 Avenue of the Americas to a prominent digital media company. CBRE's Paul Meyers, Rocco Laginestra, andJared Freede repped the subtenant. | ||
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| SALES The 6,400 SF 109 Spencer Pl, Mamaroneck sold for $1M cash. Houlihan O'Malley's Gerry Houlihan repped the seller, while New York Commercial Realty Group repped the buyer. LEASES American Real Estate Management signed a 90k SF lease at 1351 and 1339 Jerome Ave/1320 and 1342 Inwood Ave, the Bronx. The firm plans a self-storage facility at the property and will have access to the 18k SF parking lot. Manhattan Brokerage Consultants' Ivan Diaz repped the tenant, while Kalmon Dolgin Affiliates' Grant Dolginand Dmitri Gourianov repped the owner. *** | ||
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| The League Education and Treatment Center inked a 77k SF lease at 470 Vanderbilt Ave, Brooklyn. Newmark Knight Frank's Paul Ippolito repped the tenant, while CBRE's Gary Kamenetsky repped owner GFI Development.***Shop Rite signed a 68k SF lease at College Plaza in Selden, Long Island. Brixmor Property Group is the owner. *** The Suffolk County Department of Health Services-Administration inked a 63k SF lease at the Sunrise Business Center in Great River, Long Island for its new HQ. Newmark Knight Frank's Brian Lee, Jack O'Connor, and Daniel Oliver repped the tenant, while Cushman & Wakefield's David Leviton, Robert Kuppersmith, and Marissa Karmitz repped owner Metropolitan Realty Associates. *** 260 Madison Ave saw two deals: Akam Associates' 23k SF lease (tenant rep: The Ashtin Group's Brett Rovner) and Arik Eshel's 17k SF lease. Cushman & Wakefield's Bruce Mosler, Alan Wildes,Robert Gallucci, Lauren Hayes, Ashlea Aaron, and Ethan Silverstein repped owner The Sapir Org, while Bruce, Alan, and Robert also repped Arik Eshel. *** 205-215 Lexington Ave saw four deals: GRACE Communication Foundation's 13k SF renewal and expansion (tenant reps: Vicus Partners' Bert Rosenblatt and Aaron Kaufman); Allied Urological Services' and Metropolitan Lithotriptor Associates' 6,000 SF lease (tenant rep: Cushman & Wakefield's Brian Feist); GO Ventures' 5,000 SF renewal; and ArchCare's 7,500 expansion. Cassidy Turley's Wendy Miller and David Hoffman repped the owner. *** New York Commercial Realty Group brokered three deals:Interstate Fire & Safety's long-term, 7,400 SF flex lease at 75 Calvert St, Harrison (landlord rep: Benson Commercial's Scott Benson); Precision Valve Corp's long-term, 7,300 SF lease at 800 Westchester Ave, Rye Brook (landlord rep: Cushman & Wakefield); and The Wartburg Group's long-term, 4,000 SF lease at 56 Harrison St, New Rochelle. *** 65 W 36th St saw three deals: Body Wrappers' seven-year, 5,200 SF lease (tenant rep: Intrepid Real Estate Group's David Menaged); and Cara Accessories/Page D Incorporated's two leases totaling 10k SF. Hidrock Realty's Robert Kaplan repped landlord 6536 Associates, an affiliate of his firm. *** | ||
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| Goldberg Segalla signed a 12k SF lease at 100 Garden City Plaza, Garden City, Long Island. Newmark Knight Frank's Daniel Oliverrepped the tenant, while Kraig Silver repped owner The Treeline Cos in-house.*** New York Cake and Baking Distributors signed a 10-year, 10k SFextension at 56 W 22nd St. Colliers International's Perry Mesmerrepped both the tenant and owner Fifty Six Realty Corp. *** Garnietex International inked a 7,200 SF renewal at 148 W 37th St. Adams & Co's James Buslik and Jeffrey Buslik repped ownerFashion Associates. *** Allure Eyewear signed a four-year, 5,500 SF renewal and 3,200 SFexpansion at 48 W 37th St. Adams & Co's David Levy and Joseph Friedman repped both the tenant and landlord Forty Eight Thirty Seven Associates. *** Moe's Sneaker Spot inked a 10-year, 8,100 SF lease at Building 40in Atlas Terminal, Astoria. Right Time Realty's Joe Ibrahim repped the tenant, while Josh Popow repped owner ATCO Properties & Management in-house. *** Carlo Pazolini signed a 8,000 SF lease at 543 Broadway for its first Manhattan store. Robert K Futterman & Associates' Karen Bellantoni and Beth Rosen repped the retailer, while Jared Epsteinrepped owner CA 543 Broadway. *** MK Venture Partners signed a 10-year, 4,800 SF lease at 263 W 38th St. Handler Real Estate Org's Peter Simel repped the tenant, while Handler's Scott Galin and Peter Newman repped the owner in-house. *** Petland Discounts signed a 1,760 SF lease at Broadway Shopping Center on Broadway and 21st Street, Astoria. Schuckman Realty'sEvan Schuckman repped the tenant, while Nicholas Forelli repped owner Muss Development in-house. *** Bruce and Susan Cohen signed a 1,100 SF lease at 1054 Old Country Rd, Plainview, Long Island for a 16 Handles franchise. Sabre Real Estate's Amanda Gordon brokered the deal; Philips International is the owner of Morton Village Plaza. FINANCING GCP Capital Group arranged over $42M in financing, including:$17M for a 111-unit, five-story elevator residential building on Taaffe Place, Brooklyn (arranged by Adam Brostovski); $15.9M for two six-story garden apartment complexes totaling 262 units in Suffolk County, Long Island (arranged by Matthew Classi); $4.8M for a portfolio of three mixed-use buildings totaling 69 units and six commercial units in Manhattan (arranged by Matthew Albano); and$2.7M for a one-story retail taxpayer building with 10 stores onMerrick Boulevard, Queens (arranged by Paul Greenbaum). *** Meridian Capital Group arranged over $30M in financing, including:$11.3M for the acquisition of a 140-unit, six-story multifamily building on Pelham Parkway, the Bronx (arranged by Joseph Taub); $6M for a 20-unit, 12-story multifamily building on Humboldt Street, Brooklyn (arranged by Moshe Majeski and Abe Hirsch); and $4.9M for a 35-unit, eight-story mixed-use building on 34th Avenue, Flushing and$4.7M for a 67-unit, five-story multifamily building on Godwin Terrace, the Bronx (both arranged by Morris Diamant and Tzvi Krieger). *** Washington Trust provided a $2M mortgage to 889 Bridgeport Properties (an affiliate of Rugby Realty) for the acquisition of a 56k SF, two-story office building at 889 Bridgeport Ave, Shelton, Conn. CONSTRUCTION & DEVELOPMENT Phoenix Development Partners is in the planning stages for a 200k SF, 220-unit luxury apartment building at 50-01 2nd St, Long Island City. The project is scheduled for fall 2013 completion. BUSINESS The Lightstone Group launched Phoenix Development Partners, a new residential development firm focused on developing larger-scale rental housing in the metro NY market. Bill Scully, formerly of Cerberus Real Estate Capital Management, will oversee the division. Also joining the firm are Kasra Sanandaji (Stellar Management),Peter Rosenberg (Stellar Management, Rockrose), and Donna Brandin (Equity Residential Properties). EXECUTIVE MOVES Mike Doestsch joined CBC Hunter Realty as senior managing director, working with national companies and participating in the firm's distressed asset division and REO work. He was previously with Williamson, Picket & Gross and is a Trinity College grad. *** Joseph Piraino joined HKS Capital Partners as loan underwriter and originator, responsible for securing debt financing for CRE in all asset classes across NY, NJ, and Connecticut. He was previously with Bizzi and Partners Development, Chelsea Morgan Financial, and Meyer's Associates. He's a St. John's grad. *** Lantern Group promoted Alissa Kampner Rudin to COO, managing Lantern's 130-person staff and 1,000 units of low-income and supportive housing. Prior to joining the firm in '10, she worked forFamily Justice Inc. She's a University of Michigan and Duke grad. *** Concierge Auctions promoted Mark Hughes to lead the company's client services efforts in the Tri-State. He's been with the firm for the past year and a half. *** The Spector Group promoted Dexter Tinapay to design director of its Manhattan office, where he serves as lead/project designer and has been involved in the design of Mercedes-Benz's new flagship dealership on the West Side and the NASDAQ/OMX Stock Market's regional offices in Manhattan and Rockville, MD. He's a grad of theUniversity of San Carlos in the Philippines. |
