New York City
The first office lease at Metropole Realty Advisors' newly renovated 681 Fifth Ave. was signed by Global Thematic Partners, an investment management boutique launched earlier this year by Deutsche Asset Management. Global signed a 5,835-square-foot lease for the entire 12th floor of the 18-story building, and was represented by CBRE's Michael Movshovich. Cushman & Wakefield's Mitchell Konsker, Matthew Astrachan, Robert Gallucci and Scott Silverstein are the exclusive leasing agents for 681 Fifth.
AMSEC, LLC, a wholly owned subsidiary of Northrop Grumman Shipbuilding, has leased 8,000 square feet at W&H Properties' 112 W. 34th St. George Relyea of CBRE represented AMSEC in the lease negotiations. Barry Zeller and Audrey Coe of C&W represented landlord W&H Properties. The naval architecture and marine engineering firm will relocate from 350 Broadway to a pre-built suite on the eighth floor of 112 W. 34th.
Marcus & Millichap Real Estate Investment Services has arranged the sale of 407 Park Ave., a retail building fully leased to men's clothing retailer Stefano Ricci. The property sold to Land Finance Corp. for $8.7 million, or $2,023 per square foot. Marcus & Millichap's Adelaide Polsinelli and Steve Siegel represented the seller, 407 Park LLC, while colleagues Glen Kunofsky and James Ventura represented the buyer.
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