NEW YORK CITY—GMP Capital has signed a 10-year lease for 22,559 square feet at 530 Fifth Ave. The company is relocating from 331 Madison Ave. and will take possession of the pre-built space in November. David Falk, Eric Cagner and Daniel Levine of Newmark Grubb Knight Frank represented the landlord in the GMP Capital transaction. Noel Flagg and E.N Cutler of NGKF represented the tenant.
The Yard—a network of coworking spaces in NYC that provides private office suites for small businesses and startups—plans to open a new 18,000-square-foot location in NoMad this summer. The new NoMad location will be joining two existing establishments in Williamsburg, Brooklyn and Manhattan's Lower East Side. With the rapid growth of New York's small business and entrepreneurial communities, The Yard hopes to expand its current network of 300 established professionals to over 2,000 throughout the year.
The new NoMad location will be joining two existing establishments in Williamsburg, Brooklyn and Manhattan's Lower East Side. With the rapid growth of New York's small business and entrepreneurial communities, The Yard hopes to expand its current network of 300 established professionals to over 2,000 throughout the year.
Madison Realty Capital has closed a $13 million loan that will finance the acquisition and redevelopment of the landmarked Upper East Side townhouse located at 39 E. 72nd St. The transaction will enable the borrower to reposition the 25-foot-wide townhouse as a new residential development in order to capitalize on the highest and best use of the property.
Eastern Consolidated has arranged the sale of 90 Chambers St. for $8.5 million.Claude Castro LLC acquired the property from 90 Chambers Street Realty LLC. At $906 per square foot, Eastern achieved a record price. The 25-foot property includes five free-market residential units and a vacant ground floor retail store. Adelaide Polsinelli, along with Senior Director Lipa Lieberman, arranged the sale on an exclusive basis on behalf of the seller and the purchaser.
Eastern Consolidated has been retained as the exclusive agent to market for sale three adjacent corner properties in East Harlem at 2171 Second Ave. (also known as 250-254 E. 112th St., 256 E. 112th St., and 2173-2175 Second Ave. aka 258 E. 112th St. for $14.5 million. Adelaide Polsinelli, senior director; principal and senior director Ronda Rogovin and associate director Jamie Rogovin are representing the seller exclusively.
Brand Learning, Inc. has signed a new lease at 80 Broad Street, occupying about 4,765rentable square feet for a seven-year term. Hal Stein, Todd Stracci, and Adam Leshowitz of Newmark Grubb Knight Frank represented the Landlord, Savanna, while Seth Hecht of Colliers International represented the tenant in this transaction.
Chemistry Creative, Inc., an audio/visual content creation studio, has signed a lease to take 4,000 square feet at 315 Ten Eyck St. in the East Williamsburg section of Brooklyn. Neil Dolgin, Grant Dolgin and Joseph Nicholas of Kalmon Dolgin Affiliates negotiated on behalf of the tenant and landlord, Ten Eyck, LLC.
Rose Associates has signed a 10-year lease with Teavana for approximately 2,300-square-feet in Randall House at 771 Broadway. Bruce Spiegel, senior managing director for Rose, represented the property owner in the transaction. David Firestein of The Shopping Center Group represented Teavana.
RKF has arranged a 12-year lease for a 1,000-square-foot space at 189 Amsterdam Avenue for the Vanguard Wine Bar. RKF EVP Gary Alterman and senior associate Harrison Abramowitz represented both the tenant, Vanguard Wine Bar owner Stefan Mailvaganam, and the landlord, Ogden CAP Properties.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
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.
