This Week's NY Deal Sheet
With the exception of a handful of monster loans, leases and sales, the NYC market was relatively quiet last week.
TOP LEASES
Four law firms have renewed long-term leases, totaling 100k SF, at Treeline Cos' Garden City Plaza and Franklin Avenue Plaza portfolio. Treeline Cos' Kraig Silver repped the landlord in all four transactions.
- Berkman, Henoch, Petersen & Peddy signed a 33k SF renewal at 100 Garden City Plaza. Treeline Cos' Kraig Silver repped the tenant.
- Moritt, Hock & Hamroff renewed and expanded its 32k SF lease at 400 Garden City Plaza. The tenant was repped by CBRE’s Robert Seidenberg.
- Scully, Scott, Murphy & Presser signed a 22k SF renewal at 400 Garden City Plaza. CBRE’s Vincent LaManna and Richard Freel repped the tenant.
- Kaufman Borgeest & Ryan signed a 12k SF renewal and expansion at 1205 Franklin Ave Plaza. Real Estate Strategies' Robert Rosenbluth and Gerry Krush and Howard Properties' Howard Greenberg repped the tenant.
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Modell's Sporting Goods signed an 18k SF lease at Thor Equities' 135 East 125th St in Harlem. Thor's Michael Worthman repped the landlord in-house, while Modell’s was self-represented.
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Betterment Holdings signed a 17k SF lease for the entire fourth floor of 53 West 23rd St in NoMad. Adams & Co's James Buslik and Alan Bonett repped the landlord in-house, and Savills Studley's Mike Matthias repped Betterment.
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RXR Realty signed a 10-year, 15k SF lease for the entire 14th floor of its 75 Rockefeller Plaza in Midtown. No brokers were involved.
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The Council on Adoptable Children signed a seven-year, 5,200 SF lease for 589 Eighth Ave in Midtown. Cushman & Wakefield's David Lebenstein and Matthew Fisher repped the nonprofit, while Newmark Grubb Knight Frank's Alan Steinberg and Neil Joffee repped the landlord, Tower 39 Associates.
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Italian men's clothing brand Finollo signed a three-year, 4,800 SF lease for the ground and lower levels of 372 West Broadway in SoHo. Finollo was repped by Keller Williams NYC's Pedro Carrillo, while landlord 376 West Broadway Enterprises was repped by Douglas Elliman's Faith Hope Consolo.
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Chopt signed a 2,789 SF lease for the retail space at the Empire State Building. Esquire Properties' Craig Hantgan repped Chopt, while Empire State Realty Trust was repped in-house by Fred Posniak and Shanae Ursini.
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UIDC Altare Corp renewed its 2,565 SF lease at Angelo Gordon & Co's 411 Fifth Ave. Adams' David Levy repped both sides of the deal.
TOP SALES
DDR Corp sold a 16-property retail portfolio totaling 4.5M SF throughout the Albany, Buffalo, Ithaca, Olean, Rochester and Utica markets in New York and Alabama to a DLC Management Corp and DRA Advisors JV for $390M.
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Whitestar Advisors sold 13 Laight St—the former home of the Tribeca Film Festival—in Tribeca to the Vanbarton Group for $90M.
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Grupo Victor Malzoni sold 145 East 57th St in Midtown East to ABS Partners Real Estate for $63M.
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Bluejay Management sold 341 Eastern Pkwy in Crown Heights to Pacolet Milliken Enterprises for $52M.
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Pace University sold 106 Fulton St in the Financial District to DSA Property Group for $51M.
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Jolee Consolidators sold 61 Wythe Ave in Williamsburg to Atlas Capital Group for $37M.
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An undisclosed seller sold 180 Bedford Ave in Williamsburg to Thor Equities for $30M.
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Arbor Realty Trust sold 250 and 260 Washington Ave in Clinton Hill to Stone Street Properties for $23M.
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S. Cavallo's Mirror Fair sold 1495 3rd Ave in Yorkville to SMA Equities for $18M.
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Ruby Stern sold 500 West 25th St and 253 10th Ave in Chelsea to GDS Development for $16M.
Sales data provided courtesy of Reonomy.
TOP FINANCING DEALS
Wells Fargo closed on a $1B loan to the Metropolitan Transportation Authority for 656 West 33rd St in Midtown West.
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NY Life Insurance closed on an $850M loan to the Paramount Group for 1301 Avenue of the Americas in Midtown.
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Landesbank Baden-Wurttemberg closed on a $267M loan to the Paramount Group for 900 3rd Ave in Midtown East.
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Wells Fargo closed on a $165M loan to the Brodsky Org for 1 DeKalb Ave (otherwise known as City Point Brooklyn, pictured) in Brooklyn Heights.
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Bank of America closed on a $138M loan to the Gagosian Gallery for 208 11th Ave in Chelsea.
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NY Life Insurance closed on a $100M loan to Lexington Realty Advisors for 370 Canal St in Tribeca.
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Bellwether Enterprise Real Estate Capital closed on a $69M acquisition loan to MetLife Investments for One MetLife Way in Hanover Township, NJ.
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Wells Fargo closed on a $54M loan to Angelo, Gordon & Co for 68 Charlton St in SoHo.
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Blackstone Mortgage Trust closed on a $46M loan to the Vanbarton Group for 13 Laight St in Tribeca.
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BankUnited closed on a $42M loan to the Elysee Hotel for 60 East 54th St in Midtown.
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Capital One closed on a $41M loan to The Feil Org for 444 East 82nd St in Yorkville.
Financing data provided courtesy of Reonomy.
