This Week's NY Deal Sheet
Related has set aside a 270k SF spread at 30 Hudson Yards that’ll serve as its HQ.
Time Warner’s anchoring the 90-story tower through a 1.6M SF office condo. Related will be taking a chunk of inventory off the market at a complex that’s attracted tenants like Boies, Schiller & Flexner, Coach and L’Oreal. 10 Hudson Yards recently topped off at 52 stories, while the much taller Building 30 is still at least three years from completion. Tishman Speyer also recently nabbed the final piece of land for an assemblage needed for the mega-development’s final building.
TOP SALES
Madison Hotel Fee Owner LLC bought 22 East 29th St from The Carlton Hotel LLC for $162M.
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Mazel 315 West 35th LLC bought 315 West 35th St from 315 West 15th Associates for $43M.
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3400 Cannon Place LLC bought 3422 Cannon Pl in the Bronx from Premiere Healthcare for $30M.
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1080 Amsterdam LLC bought 1080 Amsterdam Ave from St. Lukes – Roosevelt Hospital for $29M.
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SC 115 Henry LLC bought 115 Henry St in Brooklyn from BCB Property Management for $25M.
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94th & 95th Street JH LLC bought 35-02 95th St in Queens from Jackson Gardens LLC for $22M.
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16E18 Stone LLC bought 16 East 18th St from Ariel Associates for $21.2M.
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338 Lafayette LP bought 345 Lafayette St from the A.J. Muste Memorial Institute for $20.75M.
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S.V. Capital Holding Group bought 120 and 122 Water St from N.Y. Times Square Hotel Group for $20.1M.
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84 North Street Realty bought 230 East 27th St from 230 East 27th Street New York LLC for $19.5M.
[Top sales data courtesy of Reonomy]
LEASES
City National Bank signed a 36k SF renewal and expansion lease at 400 Park Ave. CBRE’s Lynn Williams, Scott Gamber and Jeffrey Welch repped the tenant. Alan Bernstein repped the landlord, Waterman Interests, in-house.
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The hedge fund Fir Tree signed a 10-year, 31k SF lease at Tower 46, aka 55 West 46th St. Centric Real Estate Advisors’ Gregg Lorberbaum and Eti Hamlet repped the tenant. CBRE’s Peter Turchin, Scott Bogetti, James Ackerman and Christie Harle repped the landlord, GL Green.
CookFox Architects signed a 20k SF HQ lease at 250 West 57th St. CBRE’s Mary Ann Tighe, Gerry Miovski, Brendan Herlihy and Arkady Smolyansky repped the tenant. Keith Cody repped the landlord, Empire State Realty Trust, in-house alongside Cushman & Wakefield’s Harry Blair, Sean Kearns and James Schunk.
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Pegasus Capital Advisors signed a 13,700 SF lease at 1850 Third Ave. CBRE’s Roshan Shah and Keith Caggiano repped the tenant. JLL’s Matthew Astrachan and Matthew Polhemus repped the landlord, the Shorenstein Co.
Houghton Mifflin Harcourt signed a 10,500 SF expansion lease at 3 Park Ave. Colliers International’s David Glassman and Joseph Cabrera repped the tenant, and Marc Horowitz repped the landlord, Cohen Brothers Realty, in-house.
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Bandier signed an 8,600 SF lease at 164 Fifth Ave. ABS Partners’ John Brod repped the tenant. Thor repped itself in-house.
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CartoDB signed a 7,500 SF HQ lease at 215 Moore St in Bushwick. Corbett and Dullea’s Brian Gianci repped the tenant. ABS Partners’ Ben Waller repped the landlords, Heritage Equity Partners and Lichtenstein Group.
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HP Girlswear signed a 4k SF lease at 100 West 33rd St. EVO Real Estate’s Arnold Gamberg repped both sides.
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Dewan and Burke Associates signed a 3,300 SF lease at 33 West 44th St. Douglas Elliman’s Neelam Katara repped the tenant. Evo Real Estate’s Diana Rau Siegal and Manny Syskrot repped the landlord.
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Hunter Boots signed a 3k SF holiday pop-up lease at 108 Wooster St. J.W. Burke & Co’s Jonathan Burke and Coldwell Banker Commercial Alliance’s Stephen Tarter repped the landlord.
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Stadium Goods signed a 3k SF lease at 305 Canal St. Sinvin Real Estate’s Steve Rappaport repped both sides.
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Two Kays Associates signed a 2,600 SF lease at 276 Fifth Ave. Evo Real Estate’s Elliot Klein repped both sides.
TOP FINANCING DEALS
Strategic Asset Services closed on a $285M loan to ARC NY 1440BWY1 LLC for 1440 Broadway.
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Deutsche Bank closed on a $271M loan to Beacon Capital Partners for 575 Fifth Ave.
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American General Life insurance closed on a $110M loan to 150 Broadway NY Associates LP for 150 Broadway.
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Acrefi Mortgage Lending closed on a $94M loan to 88 Madison Hotel Operator LLC for 22 East 29th St.
The Industrial and Commercial Bank of China closed on a $65M loan to Ceruzzi Properties for 138 East 50th St.
[Top financing deal data courtesy of Reonomy]
