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Search Firm Keeps Park Ave. Address

NEW YORK CITY-Capstone Partnership has signed on for 10 more years at SL Green's 100 Park Ave., highlighting this week's wrap-up of deals.

By Paul Bubny | Updated on March 26, 2010

New York City
Coldwell Banker Commercial Hunter Realty has arranged a 10-year renewal on a 10,985-square-foot office for executive search firm Capstone Partnership at SL Green Realty Corp.’s 100 Park Ave. CBC Hunter’s Peter Sabesan and Richard Gottlieb negotiated for the tenant; representing SL Green were Steve Durels and Christopher Gulden. The lease’s financial terms were not disclosed; asking rents at the 36-story tower range upward to $75 per square foot.

Rizzo Group, a building code, zoning and land use consulting firm, has signed on for 10 years in an 8,790-square-foot space on the fifth floor at W&H Properties’ 1333 Broadway. The space was among the last remaining availabilities at the 358,240-square-foot office property, which recently completed a $71-million upgrade. Newmark Knight Frank’s William Cohen and Steve Renbaum spoke for Rizzo, while the firm’s Brian Waterman, Jonathan Fanuzzi and Brandl Frey represented W&H. Asking rent was reportedly $45 per square foot.

While development sites have been among the slower sales categories during the current downturn, Massey Knakal Realty Services has arranged an all-cash sale of a site at 74-21 Queens Blvd. for $3.57 million. Buyer and seller were not disclosed. The site has 237 feet of frontage along Queens Boulevard and houses a single-story automobile repair shop. Massey Knakal’s Thomas Donovan, who was the sole broker in the transaction, says in a release that the site went for about $150 per square foot.

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