New York City
Yeshiva University has sold a portfolio of three office buildings. Massey Knakal chairman Bob Knakal, along with vice chairman and partner John Ciraulo represented the landlord. 920 Broadway is a 16-story, pre-war office building with approximately 110,000 net rentable square feet with approximately 110,000 net rentable square feet, about 96 feet of footage on Broadway and 74 feet on East 21st St. The building sold for $58.5 million. The other structure, 9 E. 38th St. is a 12-story block-through office building. It features about 94,000 net rentable square feet with 47.5 feet of frontage on East 38th St. The property run through the block with 25 feet of frontage on East 38th St. Adjacent to the property is a three-story, 25-foot wide building that was part of the transaction. The buildings sold for $29 million.
Michael Okun, a senior managing director at Coldwell Banker Commercial Alliance, has helped comiXology relocate to larger space. The new 21,945-square-foot offices are at 512 Seventh Ave., between 37th and 38th Streets. Prior to signing the seven-year lease at 512 Seventh Avenue, comiXology had a 7,500-square-foot office at 159 West 25th Street. Representing the landlord were Michael Dreizen, senior managing director, and Matthew Feigen, associate director, Newmark Grubb Knight Frank.
Muss Development LLC has arranged a ten-year, 4,426-square-foot headquarters expansion and relocation for the Brooklyn Chamber of Commerce, which will lease space at the developer's Brooklyn Renaissance Plaza in Downtown Brooklyn, at 335 Adams St. The Brooklyn Chamber of Commerce will be moving from its Elm Street space to the 27th floor of Brooklyn Renaissance Plaza in the second quarter. Stan Markowitz, SVP of Muss, represented the landlord in the transaction. The tenant was represented in-house.
Hidrock Realty recently secured three leases totaling 8,790 square feet at 35 West 36th St., near Herald Square. The new tenants—Kings Thai Boxing, Aesop and SBH Fashion—bring the building to full occupancy and mark the completion of Hidrock's extensive capital improvement program at the building. Kings Thai signed a 10-year, 1,985-square-foot lease for the ground-floor retail space. Steven Hidary, principal of Hidrock, represented the landlord, 3536 Associates LLC, an affiliate of Hidrock Realty. Dominique Alexander of CityRealty represented the tenant. Asking rent for the space was $65 per square foot. The second tenant signed a seven-year, 3,430-square-foot lease. Hidrock is providing a custom build-out in the space. Robert Kaplan, director of leasing at Hidrock, represented the landlord in the transaction, while the tenant was represented by Douglas Regal, managing director,and Evan Algier, associate at ABS Partners Real Estate. Asking rent for the space was $39 per square foot. SBH Fashionsigned an eight-year, 3,375-square-foot lease for its New York headquarters. The move represents a major expansion of the company, which was previously located on Madison Avenue. Kaplan represented the landlord in the transaction, while the tenant was represented by Jeff Buslik, director and Brett Harvey, senior associate of Adams & Company. Asking rent for the space was $39 per square foot.
SCG Retail announced the signing of a 12-year, 1,500-square-foot lease on 241 Bleecker St., between 6th and 7th Avenue, for Carre D'artistes, a French contemporary art gallery. The lease was signed for $170-per-square-foot. Landlords Peter Longo and Robert Nicomini were represented by Brendan Gotch, director of retail leasingat Massey Knakal. The gallery is slated to open in late spring.
RKF has arranged a 2,100-square-foot lease for health and wellness retailer GNC at 302 Canal Street in downtown Manhattan. The new store, which will consist of 1,050 square feet on both the ground floor and basement of the building, is located less than one block east of Broadway near Mercer Street. The 302 Canal Street store will become GNC's 47th Manhattan location when it officially opens this spring. RKF EVP Ariel Schuster and senior director Greg Covey represented GNC. Rory McCutcheon of GNC worked in-house on the transaction. The landlord, Charbern Management Group, was represented by Mark Tergesen, managing director, ABS Real Estate.
Long Island
Gourmet food purveyor The Fresh Market has inked a long-term, 20,000-square-foot retail lease at well-known shopping centr Woodbury Common, in Woodbury. Arranged by retail broker Gregg Carlin of CBRE's Long Island office, the transaction is said to have sparked renewed interest in the center by a number of major retailers. The store is Fresh Market's fourth in the New York City area.
Westchester
Houlihan-Parnes Realtors, LLC and Q10 Realty Advisors, LLC have announced the placement of a new first mortgage in the amount of $6 million on a property located at 170 Hamilton Avenue, in White Plains. The loan was placed with a local bank at an interest rate of 4.25% for a term of five years on a 30 year amortization schedule. The loan features a renewal option and flexible pre-pay schedule. The loan was arranged by Bryan Houlihan and James Houlihan of Houlihan-Parnes Realtors, LLC. The title was arranged by Michael Karger of Madison Abstract. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorneys.
Connecticut
The Landis Group has announced that Abbey National Treasury Services, a subsidiary of the Santander Group, has signed an 18,000-square-foot renewal for a long-term lease at 400 Atlantic St, in Stamford. Santander's renewal at the 15-story, 500,000-square-foot Class A office tower brings the building to nearly 90-percent leased. Late last year, cable giant Charter Communications signed 75,000-square-foot sublease of space previously occupied by UBS on the ninth and tenth floors.
Houlihan-Parnes Realtors, LLC and Q10 Realty Advisors, LLC have announced the placement of a new first mortgage in the amount of $2.35 million on a property located at 83 East Ave., in Norwalk. There are currently suites available ranging from 300-3,000 square feet. The 40,000 square foot office and medical building is managed and leased by GHP Office Realty. The interest-only loan was placed with a local bank at an interest rate of 4.25% for a two-year term with an option to extend. The loan was arranged by Bryan Houlihan and James Houlihan of Houlihan-Parnes Realtors, LLC. The title was arranged by Ray Cohen of Chicago Title. The borrower was represented by Robert Ocko of Harrington, Ocko & Monk, LLP, as attorney.
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