Deal Tracker: Office, Retail Leases Signed Throughout the City

Morningstar has moved to 4 World Trade Center. Photo Credit: Silverstein Properties

NEW YORK CITY—Morningstar has moved its local office and the headquarters of Morningstar Credit Ratings to 4 World Trade Center. The firm has a 10-year lease for 30,000 square feet on the 48th floor.   Castro Properties has secured a seven-year, 12,192-square-foot lease for a full-floor space for Datorama at the Castro Building, located at 43 W. 23 ^rd St., With this lease, the iconic property is 100% leased. Castro was represented by Cushman & Wakefield’s Robert Billingsley, vice chairman and Bryan Boisi, VP. John Moran and Evan Foley of Newmark Grubb Knight Frank represented Datorama. Gallo Vitucci Klar has signed a long-term lease for 12,000 square feet at 90 Broad St. The civil litigation defense firm currently occupies 19,000 square feet across the third floor in the building and will restructure its current lease to occupy a portion of the 12 ^th floor while relocating a portion of its operations to Long Island.  Asking rents were $48 per square foot. Savills Studley executive managing director Marc Shapses, senior managing director Roi Shleifer and managing director Oliver Petrovic represented the tenant, in the transaction. The landlord, Princeton International, was represented by Scott Cahaly of JLL. MJ Orbach Associates has secured a 10-year, 11,306-square-foot lease for Homepolish at 27 W. 24th St. The Kaufman Organization’s Aron Orbach and Ian Norris represented the landlord, West 24-27 Realty, c/o MJ Orbach Associates in the transaction while Elie Reiss of Skylight Leasing represented the tenant. Asking rent was in the high-$60′s per square foot range. ABS Partners Real Estate has secured a 10,600-square-foot lease for Union Market at 1525 Bedford Ave., a 176-unit, mixed-use development in Crown Heights, Brooklyn slated for completion in early 2018. The property is being marketed exclusively by Mark Tergesen and Ben Waller of ABS Partners Real Estate. Asking rent for retail space at the property ranges from $75 to $125 per square foot. Eastern Consolidated has arranged a 7,882-square-foot, 10-year office lease at 535 Eighth Ave. for Inspiron Construction Management. Agents Erik and Jeff Nissani, both senior directors at Eastern Consolidated, represented the tenant in the transaction. In-house agent Daniel Breiman of Olmstead Properties represented the building owner, 535 Eighth Avenue. The client was seeking space with a rent in the mid-$40s, Erik notes. BFC Partners has brought fashion designer Dennis Basso to Empire Outlets, the outlet center currently under development on Staten Island. Following the 2,138-square-foot transaction, the property is 60% leased.  James Prendamano, managing director for Casandra Properties, and Andrew Boyle of EB Development, represented BFC in the transaction.