AY Closes Almost 43,000 SF Deal Outside of Boston

Avison Young has brokered a 42,872-square-foot lease at 301 Ballardvale Street, Wilmington, MA. The agreement includes an additional 10,000 square foot expansion option. Avison Young principal Jack Kerrigan, VP Mark Coelho and associate Colin Whitney represented the landlord, the Praedium Group LLC. Chris Lawrence and Matt Daniels of Jones Lang LaSalle represented the tenant, Proto-Pac Engineering Co., on this 8.5-year lease.

Also in Massachusetts, Love Funding has announced the closing of three loan re-financings, totaling $22.7 million, for a portfolio of skilled nursing facilities around the state. Senior director Leonard Lucas of the Boston office secured the loans through the US Department of Housing and Urban Development's section 232/223(f) LEAN loan program for long-term care facilities. The facilities involved are Royal Cape Cod Nursing and Rehabilitation Center in Buzzards Bay, Royal Falmouth Nursing and Rehabilitation Center in Falmouth, and Royal Taber Street Nursing and Rehabilitation Center in New Bedford. The centers offer a total of 270 beds and are operated by Royal Health Group.

RFR Realty LLC has announced that sister companies Aerotek, Inc. and TEKsystems, Inc. have leased over 28,000 square feet of office space at 757 Third Avenue, relocating within and committing to the building as their long-term, New York headquarters. Aerotek agreed to lease 13,551 square feet and TEKsystems will take 15,115 square feet. A team of brokers from Cassidy Turley's New York and Baltimore offices, including L. Jamie Smith, Michael Norris and Jonathan Schindler, represented Aerotek and TEKsystems in the transactions. Representatives of RFR Realty were Steve Morrows, EVP and director of leasing for RFR Realty, and a team from Jones Lang LaSalle led by Mitchell Konsker and Alexander Chudnoff.

Winoker Realty has brokered five office lease deals at four Manhattan properties in Midtown and Midtown South, totaling over 26,000 square feet. The transactions encompass the entire 7,500-square-foot fourth floor of 159 West 25^th St., which will be occupied by Journelle, Inc. in ten-year lease agreement. Howard Epstein of Winoker represented the tenant while the landlord represented itself. A 7,465-square-foot sub-lease was signed at 570 Lexington Ave. for investment bank Rodman & Co. Corey Abdo of Winoker represented the landlord and Keith Cody of CBRE represented vacating former tenant Volvo. Two 4,340-square-foot office suites at 276 Fifth Ave., will be occupied by Ocean & Coastal Engineering, P.C., for a five-year and five-month term. Winoker's Elliot Klein brokered the deal for the landlord while the tenant was represented by Dan Chillemi of City Commercial Real Estate. Lastly, Urban Angler signed up for a 2,500-square-foot space at 381 Fifth Ave. The landlord was represented in this ten-year lease by Klein and the tenant was represented by Newmark Grubb Knight Frank's Barbara Craig.

Colliers International has arranged a 17,000-square-foot sublease on behalf of Orange Business Services, taking up the entire 11^th floor of 10 East 40^th Street. The sublandlord, Blackboard Collaborate, Inc., will be vacating the space. Ken Ruderman and Nick Zarnin, of Studley, represented the sublandlord, Blackboard Collaborate, in the transaction.

The American Institute of Chemical Engineers has signed a long-term, 16,506-square-foot headquarters lease at 120 Wall Street. Colliers' Leon Manoff, vice chairman, along with the firm's Robert Kennedy, represented the tenant on the deal. Roger Silverstein and Joseph Artusa of Silverstein Properties represented the landlord in-house in the transaction. The 34-story, 615,000-square-foot class A office building is nearing completion on a capital improvement program.

Long Island Industrial, which owns and operates a mixed portfolio of properties across Long Island, has announced four leases, all closed by its director of leasing, Tommy Tsiolis, representing the landlord. KAD Resources has leased 4,140 square feet in Unit 6 of 1 Comac Loop in Ronkonkoma. All Around Spiral has relocated to Unit 8 of 1 Comac Loop with a 4,140-square-foot lease. Alliance Real Estate managing director Frank Posillico represented the tenant. Associated Builders and Contractors, Inc. leased 4,140 square feet in Unit 4 at 1 Comac Loop, while North Shore LIJ Hospital has leased space at 99 Lafayette Drive in Syosset.

Several companies signed leases at 530 Seventh Ave., including a couple of firms that signed direct leases after previously subleasing space at the property. Alternative Apparel, Inc. signed a 3,500-square-foot lease. Savitt Partners' Brian Neugeboren, managing director and Nicole Goetz, director, represented the ownership in the transaction and the tenant was represented by Rob Eisenberg, senior managing director and Michael Frantz, director of Newmark. Also signing a direct lease for a 2,100-square-foot space after previously subleasing is fashion firm Vesture Group Inc. Neugeboren represented the tenant in the transaction, while Goetz acted on behalf of the ownership.

Meanwhile, Parasuco USA signed a 1,410-square-foot lease, with Neugeboren and Goetz representing the ownership and Michael Yadgard of Maxwell Realty acting on behalf of the tenant, and Triumph of Europe, Inc. signed a 1,700-square-foot lease. In the latter transaction, the owner was again represented by Neugeboren and Goetz while the tenant was represented by Jake Cunningham of Velocity Real Estate.

The Greene Turtle, a restaurant has premiered in New York with a 7,100-square-foot spot in Long Island's Franklin Square area. The new restaurant is the first of 10 locations the franchisees have committed to develop on Long Island, and becomes the foundation of a Northeast expansion effort in which The Greene Turtle hopes to develop in all five boroughs of New York City, Westchester, New Jersey, Connecticut and further north into New England.

LH Financial, an investment firm, has signed a 10-year, 6,553 square-foot lease at 510 Madison Ave. Lance Leighton, assistant director, and Evan Margolin, senior managing director of international commercial real estate services firm Studley, represented LH Financial in the transaction. The landlord, Boston Properties, was represented by its in-house leasing team of Adam Frazier and Daniel Birney, as well as CBRE.

PBC USA Real Estate LLC has inked a new lease for the last space currently on the market at its trophy, 865,000-square-foot, Class-A office tower. TriPointe Capital Partners has leased a 2,500-square-foot, pre-built, pied-à-terreoffice space at the building. Alicia Popper, SVP of leasing and construction at PBC, represented the ownership in the lease negotiations. CBRE'sCraig Reicher, Howard Fiddle, James Ackerson, Zachary Freeman, Sinclair Li and Greg Maurer-Hollaender represented the ownership and serveas the property's exclusive leasing agents.

New York Commercial Real Estate Services agent Betty Posner represented tenant ZEDO, Inc., an Internet advertising company, in the 1,175-square-foot lease of a partial floor at 437 Madison Ave., a Class A office building. The landlord's representative was Michael Lenchner of Sage Realty Corp.

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Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.