This Week's NY Deal Sheet
EXECUTIVES
Peter Rotchford has joined Holliday Fenoglio Fowler as a director in its NYC office. He’ll focus on fixed and floating-rate debt and equity placement transactions in the greater NYC area. Peter joins HFF from Avison Young, where he was a director in charge of sourcing and placing debt and equity opportunities nationwide.
Kevin Lillis has joined ABS Partners Real Estate as director of property and construction management and administration. He’ll report to director of property management and administration Jay Kreisberg and will work on the day-to-day operations of ABS’ property management division. Kevin’s managed more than 7M SF of commercial property in NYC. Prior to joining ABS, he spent 21 years at Fisher Brothers.
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Paul Allegretti has joined Cushman & Wakefield as senior managing director of investor services for the US east region. In his new role, Paul will be charged with accelerating the growth of Cushman’s east region portfolio (the states east of the Rocky Mountains excluding the Tri-State area and Texas). This portfolio currently totals more than 361M SF. He joins Cushman from CBRE, where he held the same title and was responsible for managing the firm’s tri-state portfolio, which grew to approximately 70M SF.
TOP SALES
CRP/Extell Parcel sold 20 Riverside Blvd in Manhattan to RCB3 Nominee LLC for $320M.
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40 Exchange Place Corp sold 40 Exchange Place in Manhattan to 40 X Owner for $115M.
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Swiftsure Property sold 15 Central Park West, Unit 8A, in Manhattan to 79A Mosholu Park Ave for $35M.
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Extell West 57th St sold 157 West 57th St, Unit 54B, in Manhattan to the Rebecca Anne Moores Family Trust for $34.3M.
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Pistilli 109 Merrick sold 109-25 Merrick Blvd in Queens to 117-119 W 15th St LLC for $23M.
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Pilar Molyneux sold 29 East 69th St, Unit 6, in Manhattan to East 69th St LLC for $22.5M.
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Surich Development Corp sold 177 North 7th St in Brooklyn to 177 N. 7th LLC for $20.5M.
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326-328 East 4 Realty sold 328 East 4th St in Manhattan to Fawn East Fourth Street for $20M.
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New York City Economic Development Corp sold 236 Broome St in Manhattan to Site 1 DSA Owner for $15.8M.
[Top sales data courtesy of Reonomy]
LEASES
New York Stem Cell Foundation signed a 21-year, 42k SF lease at 619 West 54th St. CBRE’s Stephen Siegel and Gary Kamenetsky repped the tenant. JRT Realty Group’s Ellen Israel, Greg Smith and Kristen Morgan repped the landlord, Taconic Investment Partners.
Golenbock, Eiseman, Assor, Bell & Peskoe signed a 38k SF lease at 711 Third Ave. JLL’s Scott Panzer and Newmark Grubb Knight Frank’s Robert Silver repped the tenant. SL Green’s Howard Tenenbaum and Gary Rosen repped the landlord in-house.
Excell signed a 30k SF sublease at 1333 Broadway. CBRE’s Jared Freede and Michael Monahan repped the tenant. JLL’s Mitch Konsker, Ben Bass, Daniel Turkewitz and Alex Chudnoff repped the sub-landlord, Global Brands.
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P.C. Richard & Son signed a 20k SF retail lease at 309 West 125th St. P.C. Richard was repped in-house. Colliers International’s Eric Meyer and Cushman & Wakefield’s David Berke repped the landlord.
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Bernhardt Design signed a 20k SF lease at 136 Madison Ave. Cresa New York’s Ed Wartels and Jim Pirot repped the tenant. Colliers International’s Andrew Roos and Michael Cohen repped the landlord.
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The Museum of Modern Art Design Store signed a 15k SF lease at 81 Spring St. Dallimore & Co’s Simon Dallimore repped the tenant. Colliers International’s Marvin Rosenberg, Pat Breslin, Ken Yip and April Kim repped the landlord.
Coyne PR signed a 1,350 SF lease for the duplex office penthouse at 1400 Broadway. Cushman & Wakefield’s Josh Kuriloff, David Sherman and Andrew Braver repped the tenant. Keith Cody repped the landlord, Empire State Realty Trust, in-house alongside Newmark Grubb Knight Frank’s Scott Klau, Erik Harris and Neil Rubin.
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Mosafer signed a 13k SF lease at 24 West 57th St. CBRE’s Amira Yunis and Anthony Stanford repped the tenant.
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True North signed an 8,300 SF lease at 630 Third Ave. ATCO’s Paola Shaddow repped the landlord in-house, and no outside brokers were involved in the deal.
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iLoveKickboxing signed a 4,500 SF lease at 540 5th Ave, in Park Slope. A CPEX team led by Ryan Condren repped the landlord.
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Kidz World Inc signed a 4,500 SF lease at 226 West 37th St. EVO Real Estate’s Evan Lieberman and Inceptum’s Michael Dylan repped the tenant. Yoral LLC’s Roy Moussaieff repped the landlord.
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Kyle Editing signed a 4,500 SF lease at 15 West 26th St. Savills Studley’s Ryan Rafter, John Harte and Joe Genovesi repped the tenant. Evo Real Estate’s Jared Anderson repped the landlord.
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Shorty’s signed a 1,050 SF lease at 229 Flatbush Ave in Brooklyn. Lee & Associates’ Adam Malitz repped both sides in the deal.
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Rouge New York signed a 950 SF lease at 220 East 60th St. SGC retail’s Jacqueline Klinger and Jordan Cohn repped the tenant. Eastern Consolidated’s Brad Cohen and Jon Kamali repped the landlord.
TOP FINANCING DEALS
TD Bank NA closed on a $100M loan to 560 Associates Delaware for 560 Broadway in Manhattan.
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Manufacturers and Traders Trust Co closed on an $86.3M loan to Purves Street Owners for 28-23 Thomson Ave in Queens.
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TH Commercial Mortgage closed on a $76.4M loan to 20 West 33rd Street Property Owner LLC for 20 West 33rd St in Manhattan.
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Industrial and Commercial Bank of China closed on a $75M loan to Bop Greenpoint F for Block 2472 on Commercial Street in Brooklyn.
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Goldman Sachs Bank USA closed on a $72M loan to Site 1 DSA Owner LLC for 236 Broome St in Manhattan.
[Top financing deals courtesy of Reonomy]
