LAKE SUCCESS, NY-The health club, located here at the iPark corporate center, opens in early 2004 with plans to stick around for the next 15 years. Asking rents for the space were in the mid-$20 range, according to sources.
NEW YORK CITY-Making a move across town, the multifamily development firm has purchased 5 East 44th St. from a Japanese newspaper. The company will occupy five floors of the six-story building.
GREAT NECK, NY-In four separate transactions, BRT Realty Trust closes $26.6 million in loans for multifamily properties located in Manhattan, Delaware, Tampa and North Carolina.
NEW YORK CITY-In separate transactions, Synergy Fitness inks a long-term lease for a new 9,200-sf gym on West 14th St. and North Face opens its first Manhattan store in 8,000 sf on the Upper West Side.
NEW YORK CITY-A 13,905-sf Walgreens, located on Merrick Blvd. in Queens, grabs approximately $384.75 per sf in a sale to Y&O Merrick LLC. The purchaser completed a 1031 exchange.
NEW YORK CITY-B&J Fabrics Inc. has found new space in Midtown after being forced out of the building it occupied for more than 45 years. The textile distributor will now set up shop in 15,568-sf at 525 Seventh Ave.
NEW YORK CITY-Showing its commitment to Lower Manhattan, Vornado Realty Trust sinks $30 million into 20 Broad St., acquiring the remaining 40% interest in the property which it did not already own.
NEW YORK CITY-A start-up money management firm is taking over space on the fifth floor 711 Fifth Ave. The company plans to set up shop for at least the next 10 years in the class A building owned by the Coca-Cola Company.
JERICHO, NY-The deal includes gas stations and convenience stores in Massachusetts and Rhode Island. Forty of the properties are being subleased to Getty Petroleum Marketing Inc. until 2015, the other is being leased to an individual operator.