This Week's NY Deal Sheet
The job search site Indeed has committed to 125k SF over eight years at 1120 Sixth Ave, also called the Hippodrome Building.
The company will move to the full ninth, 11th, 12th, 13th and 16th floors next year. Indeed's NYC office has more than doubled in size since 2012, when it hosted 116 employees. The new digs will be able to accommodate up to 700. JLL’s Lisa Kiell handled tenant rep on the monster deal, and a Cushman & Wakefield team of John Cefaly, Gus Field, Michael Burgio and David Berke repped the landlord, Edison Properties.
MORE LEASES
SNY signed an 83k SF lease at 4 WTC. Jeremy Moss (whom we snapped in September on a hard hat tour of the WTC complex) repped the landlord, Silverstein Properties in-house, alongside a CBRE team of Steve Siegel, Mary Ann Tighe, Adam Foster, Steve Eynon, Evan Haskell and David Caperna. CBRE’s Scott Gottlieb, Ken Meyerson, Chris Corrinet, Dan Wilpon, Dan Knopf and Zach Weil repped the tenant.
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NICE Systems signed a 60k SF HQ lease at Waterfront Corporate Center III in Hoboken. Colliers’ Richard Charkham and Richard Mirliss repped the tenant. The landlord, SJP Properties, was repped in-house by Peter Bronsnick.
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Bank Hapoalim signed a 40k SF lease at 1120 Sixth Ave. Cushman & Wakefield’s Michael Burgio repped both the tenant and the landlord, Edison Properties.
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Jay Suites signed a 23k SF expansion lease at 1441 Broadway. MHP Real Estate Services’ Richard Doolittle repped both the tenant and the landlord, LH Charney & Associates.
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VakifBank signed a 15-year, 15,400 SF lease at 1177 Sixth Ave. Cushman & Wakefield’s Jordan Weiss and Jonathan Schindler repped the tenant. Silverstein Properties’ Joseph Artusa, Roger Silverstein and Camille McGratty repped the landlord in-house.
GLSEN, the gay, lesbian and straight education network, signed an 11,400 SF lease at 110 William St. Savills Studley’s Jarod Stern and Edmund Solarsh repped the tenant. Newmark Grubb Knight Frank’s Hal Stein, Todd Stracci and Travis Wilson repped the ownership, Savanna and KBS Strategic Opportunity REIT.
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Perseus signed an 11k SF lease at 110 William St. Newmark Grubb Knight Frank’s Jamie Jacobs repped the tenant. Newmark’s Hal Stein, Todd Stracci and Travis Wilson repped the ownership, Savanna and KBS Strategic Opportunity REIT.
Aetna Life Insurance Co signed a 10,900 SF expansion lease at 100 Park Ave. JLL’s William Korchak repped the tenant. A Cushman & Wakefield team of Tara Stacom, Barry Zeller, Justin Royce and Matthias Li repped the landlord, SL Green.
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Krossover signed a 10k SF lease at 148 West 24th St. CBRE’s Jeffrey Sharon repped the tenant.
Light Inc signed a 6,700 SF lease at 530 Seventh Ave. Savitt Partners’ Marc and Michael Schoen repped the tenant. Savitt Partners’ Brian Neugeboren and Nicole Goetz repped the landlord.
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Index Exchange signed a 6k SF lease at 20 West 22nd St. CBRE’s Jeffrey Sharon repped the tenant.
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Pulia, an Italian eatery, signed a 4,800 SF lease for three levels at 113-115 East 18th St. Midtown Commercial Real Estate’s Sung Cho repped the tenant. AHA Real Estate Group’s Alexander Hill repped the sublessor, Darrow’s NYC.
EXECS
Eastern Consolidated has brought on twin brothers Jeffery and Erik Nissani as senior directors in the firm’s investment sales division. They’ll specialize in selling retail and office condos and office buildings. Jeffery comes to Eastern from Marcus & Millichap’s office leasing and commercial condo/co-op sales team. Before that, he founded his own leasing brokerage, JSN Properties. Erik also comes via Marcus & Millichap, where he focused on commercial condo and co-op sales and office leasing. He also ran his own shop, Willow Stone Realty, doing deals for well-known clients like Guinness World Records and Universal Music.
TOP SALES
45 Broad Street L/CAL LLC sold 45 Broad St to Madison 45 Broad Development LLC for $86M.
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Stanev Lots LLC sold 123 Melrose St in Brooklyn to Everygreen Gardens 1 LLC for $68.5M.
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HYB Associates sold 543 West 43rd St to HLP Properties for $49.7M.
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Nevins Holdings LLC sold 8 Nevins St in Brooklyn to Nevins Street Owner LLC for $41.7M.
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The City of New York sold 243 West 42nd St to DTA FEE Owner LLC for $40M.
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Hotel 124 LLC sold 2300 Fredrick Douglas Blvd to an entity by the same name for $36.1M.
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Bill Stathakos sold 125 96th St in Brooklyn to Hudson Views Equity for $22.4M.
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Chloe Elizabeth Realty sold 315 Broadway to 315 Broadway LLC for $18.2M.
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865 Walton Realty Corp sold 865 Walton Ave in the Bronx to Courtview Realty for $16.4M.
[Top sales data courtesy of Reonomy]
TOP FINANCING DEALS
Bank of China closed on a $220M loan to 165 E 66 Parking LLC for 165 East 66th St.
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Wells Fargo closed on a $140M loan to DTA Leasehold Owner LLC for 243 West 43rd St.
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Jefferies Loancore LLC closed on a $130M loan to Fountain Avenue Investments for 830 Fountain Ave in Brooklyn.
MetLife closed on an $89M loan to Taconic Investment Partners for 401 West 14th St.
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The Dormitory Authority of the State of New York closed on a $78M loan to the Schulman and Schachne Institute for Nursing for 650 Amboy St in Brooklyn.
[Top financing deals data courtesy of Reonomy]
