NEW YORK CITY—A three-story retail building in East Harlem at 2202-2210 Third Ave., also known as 181 E. 120th St. has been sold. Eastern Consolidated represented both the buyer and the seller. The 12,000-square-foot property, currently occupied by Rent-A-Center whose triple net lease expires in November 2015, has an additional 17,000 square feet in available air rights.The sale price was $5.4 million, according to property records. Cliff Schwartz of Schwartz & Blumenstein PC was the attorney for the seller. Jay L. Yackow was the attorney for the buyer.
Kalmon Dolgin Affiliates has arranged a 16,000-square-foot, long-term lease at 1006 Metropolitan Ave., in the East Williamsburg section of Brooklyn, for the Dock Studios, LLC, a studio space for artists. KDA brokers Vincent Lopez and Jacques Wadler represented the tenant, while Howard Darsi and Bill Chang, also of KDA, negotiated on behalf of the owner, CTC Trading, in the deal. The space was formerly owner-occupied.
Technology firm BetterCloud has signed a 12,500-square-foot, long-term lease to relocate to 330 Seventh Ave. The firm is moving to the Midtown South site from 299 Broadway. CBRE's Arkady Smolyansky and Roshan Shah represented BetterCloud in the transaction. Newmark Grubb Knight Frank's Michael Dreizen and Alphie Toro represented the landlord, Super Nova 330 LLC.
Pamplona Capital Management has signed a 9,100 lease at 375 Park Ave. Steve Morrows, RFR Realty EVP and director of leasing, represented the company in-house in the lease negotiations. Pamplona was represented in the lease by Joseph Simone of Tishman Real Estate Services.
Eyeglass designer, manufacturer and retailer Robert Marc, Ltd. has signed a 10-year lease for a full-floor 8,550-square-foot space at 234 W.39th St., a 10-story fashion industry office and showroom building located between Seventh and Eighth avenues. Working on behalf of landlords Herald Square Properties and the Davis Companies, which purchased the building in April, was the CBRE leasing team of Paul Amrich, vice chairman; Neil King, VP; and Lindsay Godard, associate broker. Representing the tenant were Cushman & Wakefield's Owen Hane, senior director, and Marc Nevins, associate broker.
Online retailer Beyond the Rack has signed a long-term, 3,944-square-foot lease at 561 Seventh Ave., which will serve as the firm's US headquarters. Handler Real Estate Organization principal and CEO Scott Galin, along with EVP Richard Farley, represented the landlord in-house.
In Marlborough, MA, Hotel owner/operators Roedel Companies, along with Riverbridge North, LLC celebrated the groundbreaking of the MassWorks Infrastructure River Road West Project and the Riverbridge Mixed Use Village. The public infrastructure will support critical roadway and pedestrian improvements along River Road West, enabling the development of the Riverbridge Mixed Use Village to continue. The complex will feature 205 condominiums/apartments and approximately 66,000 square feet of office and retail space. A new 108-room Homewood Suites by Hilton also will be constructed at the site.
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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.
