This Week's NY Deal Sheet
Hillary Clinton’s as-yet-unannounced presidential campaign signed a lease at 1 Pierrepont Plaza in Brooklyn Heights for its HQ.
Politico, which first reported the lease, says it’ll be for two full floors and that the campaign will move in as-is (no build-out). Per Federal Election Commission rules, Hillary’s official announcement that the entity that signed the lease exists (i.e., that she’s running for prez…again) has to come within the next two weeks. The campaign-to-be has reportedly been shopping around for space in Western Queens and around Brooklyn. Her last presidential campaign was HQ’d in Arlington, VA.
EXECS
Eastern Consolidated is promoting Benjamin Tapper and Peter Carillo from senior director to principal. Benjamin specializes in brokerage for residential and mixed-use and development sites. Peter specializes in off-market and complex transactions across asset classes for both buyers and sellers, including foreign investors. Both men will now take a more active part in shaping the company's direction.
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Unity Capital brought on Jeff Kaplan as a senior managing director. Jeff’s experience goes back 21 years at various alternative asset management firms, investing in real estate secured bridge loans.
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Kelly Broderick will return to Cushman & Wakefield as senior managing director. Kelly spent the first seven years of her commercial real estate career at Cushman. Kelly’s a specialist in negotiating for tenants in Midtown Class-A properties and lofts in Midtown South.
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Colliers brought on Frank Wallach as a senior director for research in the NY office. Frank will focus on analyzing changes in the Manhattan office leasing market. Prior to joining Colliers, he was a senior research analyst for CBRE’s Downtown Manhattan office.
SALES
Memorial Sloan-Kettering Cancer Center and Hunter College paid the NYC Economic Development Corp $226M for 525 E 73rd St on the Upper East Side.
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Ashkenazy Acquisition handled the sale of 108 Chambers St, a one-story retail building in Tribeca. Greystone paid $17M for it. The site has about 12k SF of unused residential development rights.
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Treetop Development closed on the buy of a 60-unit HUD-backed residential building at 104-119 W 144th St for $13.3M. Marcus & Millichap’s Peter Von Der Ahe, Scott Edelstein and Seth Glasser brokered the deal.
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CPEX Real Estate closed on the sale of 318-350 Clarkson Ave in Prospect Lefferts Gardens for $13M, or $65 per BSF. CPEX managing director Sean Kelly, with managing partners Timothy King and Brian Leary, handled the sale, the second sale of a 350k BSF development assemblage.
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A garage condo at 17-28 Thomson Ave in LIC sold for $6.8M in an all-cash deal. Cushman & Wakefield’s James Nelson repped the seller with Mitchell Levine and David Chkheidze. Northeast Equity’s Jared Baritz repped the buyer.
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523 W 135th St, a 13k SF residential building, sold for $4.9M. Ariel Property Advisors’ Victor Sozio, Shimon Shkury, Michael Tortorici and Josh Berkowitz repped the seller and found the buyer, a private investor.
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167 E 106th St, a nine-unit mixed-use building in East Harlem, sold for $2.4M. Ariel Property Advisors’ Michael Tortorici, Victor Sozio, Josh Berkowitz and Marko Agbaba repped the seller, a private owner, and found a buyer.
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Simone Healthcare Development bought a 10.5k SF medical office condo at 225 E 64th St. Corcoran Wexler Healthcare Properties’ Paul Wexler will market the space.
LEASES
Thoughtbot signed a 8.6k SF lease at 1384 Broadway. Avison Young’s Justin Dziama, Anthony LoPresti and David Cohen repped Thoughtbot. Newmark Grubb Knight Frank’s Howard Kesseler, Matthew Feigen and Brett Bedevian repped the landlord.
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EVO’s Jonata Dayan, Jonathan Ben-Dayan and Jared Anderson repped landlord Red Bird Management in a lease of 5.5k SF to Park Assist, a tech company that specializes in parking garage intelligence, at 57 W 38th St.
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EVO’s Jared Anderson and Carlo Catuogno repped Bounce Exchange in a sublease of 5.5k SF to technology company Thinkful, at 304 Hudson St. Newmark Grubb Knight Frank’s Jonathan Franzel repped Thinkful.
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Spring Street Natural signed a long-term, 5k SF lease at 98 Kenmare St. Eastern Consolidated’s James Famularo repped the landlord. Cresa New York’s Sam Mann repped the tenant.
Tinypass, a creator of "e-commerce-for-content" software, inked a five-year, 4.9k SF lease at 1WTC. Tinypass was repped by CBRE's Freddie Fackelmeyer, Zachary Prince and Christopher Corrinet. Landlord the Durst Organization was repped in-house by Karen Kuznick and a Cushman & Wakefield team of Tara Stacom, Alan Stein, James Searl and Justin Royce alongside JRT Realty's Jodi Pulice.
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Casablanca Capital signed a five-year, 2k SF lease at 1WTC. The tenant was repped by Colliers' Peter Simel and James Emden. Landlord the Durst Organization was repped in-house by Karen Kuznick and a Cushman & Wakefield team of Tara Stacom, Alan Stein, James Searl and Justin Royce, alongside JRT Realty's Jodi Pulice.
FINANCING
Cushman & Wakefield closed on a $3.8M non-recourse loan on a mixed-use building at 92 W Houston St in the West Village. It’s a 30-year loan at 3.6%. Cushman’s John Leslie handled the deal.
