This Week's NY Deal Sheet
Bergdorf Goodman signed a 15-year, 40k SF office expansion lease at 4 West 58th St.
The luxury retailer will move its non-sales operations to the building near its Fifth Avenue retail location. The space opened up by the office move will allow for an additional 25k SF of retail space at the flagship store. CBRE’s Joseph Fabrizi, Michael Wellen and Arkady Smolyansky repped the tenant alongside Westfair Realty’s Steve Quintin. JLL’s Scott Panzer repped the landlord.
MORE LEASES
Sprint Communications signed a 39k SF lease at 1166 Sixth Ave. CBRE’s Robert Hill and Timothy Hay repped the tenant. JLL’s Paul Glickman, Cynthia Wasserberger, Jonathan Fanuzzi and Diana Biasotti repped the landlord, Minskoff Equities, alongside Minskoff’s Jeffrey Sussman.
Criteo signed a 19k SF lease at 387 Park Ave South. A team led by CBRE’s David Hollander repped the tenant. Newmark Grubb Knight Frank’s Matt Leon repped the landlord, TF Cornerstone.
Wechsler & Cohen signed a 9k SF lease at 17 State St. AJ Camhi repped the landlord, RFR, in-house, alongside JLL’s Mitchell Konsker, Scott Cahaly and Kyle Young.
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Global Health Strategies signed a 7,300 SF lease at 38 East 32nd St. JRT Realty’s Ellen Israel and Lauren Calandriello repped the tenant. Colliers International’s Michael Joseph repped the landlord.
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Low Emissions Resources Corp signed a 6,500 SF lease at 17 State St. CBC Alliance’s Richard Gottlieb repped the tenant. AJ Camhi repped the landlord, RFR, in-house, alongside JLL’s Mitchell Konsker, Scott Cahaly and Kyle Young.
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Demisch Danant, a furniture gallery, signed a 2,600 SF lease at 30 West 12th St. Lee & Associates’ Dennis Someck and Justin Myers repped the tenant. Leslie J. Garfield & Co’s Christopher Riccio repped the landlord.
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Cuyana Inc signed a 2,500 SF retail lease at 120 Wooster St. Newmark Grubb Knight Frank’s Jared Lack repped the tenant. RKF’s Taryn Talmadge repped the landlord.
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Dental 365 signed a 2,200 SF lease at 26 West 14th St. Newmark Grubb Knight Frank’s Jason Pruger and Marc Wolfer repped the tenant. The Ashtin Group’s Brett Rovner repped the landlord.
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Bustler Coffee signed an 1,100 SF lease at 485 Madison Ave. Branded Concept Development/Benny Blanco’s Alexander Turboff repped the tenant. Dennis Brady and Fran Delgorio repped the landlord, Jack Resnick & Sons, in-house.
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Blo Blow Dry Bar, an international franchise in which Gwyneth Paltrow is a creative partner, signed a 550 SF lease at 142 East 49th St. Murro Realty’s Cosmo Montemurro repped the tenant. Eastern Consolidated’s James Famularo repped the landlord.
EXECS
Frank Nicoletti has joined SoHo Properties as senior development manager. Frank was most recently the founder of Nicoletti Consulting, an owner advocacy and project management firm. Prior to that, he was co-founder of Chasan-Nicoletti Inc, a NYC firm that developed projects directly and also provided advisory services and owner/tenant rep.
Hap Investments has brought on Gary Gutterman to serve as SVP for affordable housing. Gary was most recently at the not-for-profit Met Council on Jewish Poverty, where he led a team that created 1,500 units of special needs housing, as well as state-of-the-art licensed assisted living facility. Before that, he served as the director of the New York State Affordable Housing Corp.
TOP SALES
712 LLC sold 712 Madison Ave to 712 Madison Avenue LLC for $83M.
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51 LLC sold 51 Christopher St to Christopher & Seventh Realty LLC for $56.5M.
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1161 LLC sold 1161 Madison Ave to 50 East 86th Street Owner LLC for $40M.
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Beechwood Sedgewick LLC sold 1514 Sedgewick Ave in the Bronx to HP 1514 Segdwick Housing Development for $21.65M.
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27 LLC sold 27 Washington Square North to 27 Washington Sq Owner LLC for $20M.
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ERT Revocable Trust sold a portion of 515 Park Ave to Lexpark Holdings LLC for $17.2M.
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Extell West 57th Street LLC sold an interest in 157 West 57th St to Coco Holdings LLC for $17M.
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957 Management LLC sold 106 East 82nd St to 957 Park Avenue LLC for $16M.
Marcel Herman Telles sold 15 Central Park West, Unit 33A, to Fabrizzia Teresa Telles for $15.4M.
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Good-Land Management Corp sold 181 Canal St to Rockfeld Group Canal LLC for $15.1M.
[Top sales data courtesy of Reonomy]
TOP FINANCING DEALS
The City of New York closed on a $50.5M loan to Site 6 DSA Owner LLC for 175 Delancey St.
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PNC Bank closed on a $40.17M loan to 510 West 22nd Street Owner LLC for 510 West 22nd St.
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Apple Bank closed on a $35M loan to Kenwood Estates LLC for 200 East 15th St.
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Wells Fargo closed on a $33M loan to 712 Madison Avenue LLC for 712 Madison Ave.
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Peoples United Bank Association closed on a $29M loan to 5225 LLC for 16-16 Whitestone Expressway West in Queens.
[Top financing deals data courtesy of Reonomy]
