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LEASES: GFP inks 25,000 s/f in leases at 594 B’way; Software firm takes 34,000 s/f at 315 PAS

Todd Street Productions, Inc. has signed a 5,625 s/f lease at 30-2 West 24th Street in Midtown South. The marketing and communications agency is relocating its executive office from the Meatpacking District to the Garment District location on the buildings 11th floor. David Levy of Adams & Co represented the tenant while James Buslik of Adams & Co. represented the landlord, Twenty Three R.P. Associates. The building was constructed in 1910 and provides 24-hour concierge and recently renovated elevators and lobby. The tenant will partially utilize the 11th floor of the 12-story building for general and executive office space.

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Joseph P. Day Realty Corporation announced long-term lease signings of its two newest tenants — CPI and SIGMA7 Design Group — and the lease renewal of existing tenant Echo Design within 10 East 40th Street. Senior Vice President Richard Teichman made the announcement:

• CPI, a global investment professional recruiting firm, signed a lease to occupy 7,500 s/f on the 40th floor. The company, which specializes in placing individuals and teams on behalf of private and public investment firms, will officially relocate from 11 West 42nd Street in 2Q 2018. Joseph Genovesi of Savills Studley represented CPI in the deal.

• Design company SIGMA7 Design Group, which specializes in the architecture, engineering, project management and planning for technology driven projects, also signed a lease. The company will occupy 7,400 s/f on the 17th floor, beginning the first quarter of 2018, relocating from 261 Madison Avenue. Brian Delshad of Douglas Elliman Real Estate represented SIGMA7 Design Group in the deal.

• Current tenant Echo Design, a leader in the design, marketing and distribution of home and fashion accessories, renewed its lease to occupy 25,135 s/f on floors 14 and 16. Adam Nelson of Cushman & Wakefield represented Echo Design.

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Marketman, a cloud-based inventory management company serving the restaurant food industry, is joining tenants at Space 530, a private office space and co-working environment at Space360. Marketman will occupy 1,200 s/f of space for its New York City headquarters. The company’s software enables for a collaboration between foodservice operators and their suppliers. The new space will allow for better service and more rapid growth. Space 530 is located on the mezzanine floor of 530 Seventh Avenue.

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Muss Development LLC has closed multiple retail leases across the New York City boroughs and into the suburbs:

• On Manhattan’s Upper East Side, Muss executed a lease for SLT, a fitness center with nine other New York City locations. The brand, which was looking into an Upper East Side expansion, signed a 10-year, 2,200 s/f lease at 1556 3rd Avenue. Andrew Connolly and Ariel Schuster of RKF represented ownership in the transaction, while David Abramss and Emily Simmonds of RKF represented the tenant.

• Muss arranged 2,161 s/f lease for Boxer’s at the developer’s 1664 Third Avenue. The sports bar has two other Manhattan locations, and signed on for a lease term of 12 years with a 5-year option. Located in the Carnegie Hill neighborhood, 1664 Third Avenue is block from the 6 train and the newly opened Second Avenue Q at 96th street. Andrew Connolly and Ariel Schuster of RKF represented ownership in the transaction. Michael Yadgard from Maxwelle NY represented the tenant.

• Verizon Wireless has signed a 10-year, 1,760 s/f lease at Broadway Shopping Center, keeping the center 100% leased and occupied. Bill Bergman represented ownership in the transaction. David Alani of In-Line Realty, Inc. represented Verizon.

• Muss also closed two retail leases at its Jackson Heights Shopping Center property. Optical Academy, an eyewear retailer, signed a 10–year, 1,982 ss/f lease, while global real estate brokerage Keller Williams has expanded its 2nd floor office lease to now include 1,511 ss/f ground floor retail. Bill Bergman represented ownership in the transactions. The property now has just 13,800 s/f of remaining available space on the second floor and is 100 percent leased on the ground floor.

• A sushi restaurant signed a 10-year, 1,150 s/f retail lease at Muss’s Jerusalem Avenue Shopping Center in Hicksville, Long Island. Bill Bergman represented ownership in the transaction, while Mike DiBella of Pliskin Realty and Development, Inc. represented the tenant.

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CBRE announced the firm’s latest under-35,000 s/f office leasing transactions in Manhattan.
Tenant Representation

• Michael Liss and Sam Spillane represented Pitchbook Data in a 34,100 s/f lease at 315 Park Avenue South for the entire 13th and 14th floors. Owner Columbia Property Trust was represented by David Berkey and Andrew Wiener of L&L Holding Company.

• Joseph Fabrizi and Arkady Smolyansky represented Chicago Title Insurance Company in a 30,035 s/f renewal at 711 Third Avenue for the partial fifth floor. Owner SL Green Realty Corporation was represented in-house by Gary Rosen and Howard Tenenbaum.

• Michael Liss represented Claims Conference in a 29,946 s/f expansion/renewal/ lease at 1359 Broadway for the partial 11th, 12th and entire 20th floors. Owner Empire State Realty Trust was represented in-house by Keith Cody and Lindsay Godard.

• Adam Leshowitz and Eric Kleinstein represented Bertelsmann Music Group in a 24,538 s/f lease at 1 Park Avenue for the partial 18th floor. The tenant is moving from 1745 Broadway and the term is ten years. Owner Vornado Realty Trust was represented in-house by Edward Riguardi.

• Jared Freede, Scott Sloves and Robert Wizenberg represented South Street Securities in a 16,563 s/f lease at 1155 Avenue of the Americas for the entire 14th floor. The term is ten years and the tenant is moving from 825 Third Avenue. Owner Durst Organization was represented in-house by Ashlea Aaron, Tom Bow, Ashley Gee and Rocco Romeo.

• Adam Foster represented Marcraft in a 13,733 s/f renewal at 725 Fifth Avenue for the entire 18th floor. The term is ten years.

• Rob Wizenberg represented Lighthouse eDiscovery in a 11,200 s/f lease at 729 Seventh Avenue for the entire seventh floor. Owner Meringoff was represented by David Cohen and Jason Vacker of Meringoff Properties.

• CBRE’s Michael Politi represented LittlStar in a 7,857 s/f expansion/renewal at 584 Broadway for the partial sixth floor. Owner Olmstead Properties was represented in-house by Steve Marvin.

• CBRE’s William Iacovelli and Patrick Moroney represented Casey Family Services in a 6,947 s/f long-term renewal at 7 World Trade Center for the partial 46th floor. Owner Silverstein Properties was in-house by Camille McGratty, Jeremy Moss and Roger Silverstein.

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The Famularo Team at Eastern Consolidated has closed five retail leases throughout Manhattan:

• 54 West 39th street: Y7 Yoga which operates nine yoga studios, will be opening a 10th site in a 3,500 s/f space on the second floor of 54 West 39th Street in Midtown West. Famularo and Director Greg Goldberg exclusively represented the landlord in arranging the 10-year lease.

• 192 Bleecker Street: Unique Collections, a holistic gem store, will be opening in a 700 s/f store at 192 Bleecker Street. Famularo and Associate Director Clayton Traynham negotiated the 10-year lease on behalf of the landlord and procured the tenant.

• The Manhattan Gift Shop will be moving into a 500 s/f space at 850 Amsterdam Avenue on the Upper West Side. James Famularo and Clayton Traynham negotiated the 10-year lease on behalf of the landlord. Midtown Commercial Real Estate represented the tenant.

• The Juice Stop plans to open in a 450 s/f space at 105 Chambers Street in Tribeca. James Famularo arranged the 10-year lease on behalf of the landlord and tenant.

• Shape House, an urban sweat lodge, will be opening at 34 West 17th Street in the Flatiron District. Shape House’s exclusive broker Ted Lundeen, an Associate Director on the James Famularo Team, represented the California-based urban sweat lodge in the 2,325 s/f space, which includes 1,781 s/f on the ground floor and a 544 s/f basement. Carly Geller and Michael Cohen of RKF represented the landlord.

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GFP Real Estate (GFP) announced 25,413 s/f of leasing activity at 594 Broadway, a 12-story, building located in SoHo, between West Houston and Prince streets. The announcement was made by GFP co-CEOs Brian Steinwurtzel and Eric Gural. Donna Vogel, Senior Managing Director of GFP, represented the ownership in each of the transactions.

• MWR Infosecurity, Inc., a global provider of research-led cyber security, signed a four-year, 6,313 s/f lease on the 12th floor;
• Public benefit corporation NAVA PBC, LLC signed a four-year, 4,128 s/f lease on the fourth floor;

• KFD Public Relations, a beauty and wellness communications agency, signed for three years and 2,847 s/f on the sixth floor;

• Court Square Real Estate Partners, a privately held, real estate development, construction and investment firm with over 25 years of experience, signed a five-year, 1,827 s/f lease on the 10th floor;

• Boutique and contemporary Pilates studio New York Pilates, LLC took a 1,670-square-foot space for three years on the ninth floor;

• Tribeca Printworks, LLC, a custom fine arts giclée printing studio, committed to a 1,955s/f• space for five years on the sixth floor;

• Architectural Preservation Studio, PLC, a women-owned design firm that specializes in architecture, historic preservation, and exterior envelope consulting, signed a 10-year, 1,810 s/f lease on the ninth floor;

• Technology consulting firm Solid State Consulting signed a five-year, 744 s/f lease renewal on floor four; and
• Speed Media, a digital service provider for the advertising and broadcast industries, signed a 269 s/f lease renewal for one year on the ninth floor.

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GFP Real Estate (GFP) announced 25,413 s/f of leasing activity at 594 Broadway, a 12-story. The announcement was made by GFP co-CEOs Brian Steinwurtzel and Eric Gural. Donna Vogel, Senior Managing Director of GFP, represented the ownership in each of the transactions.

• MWR Infosecurity, Inc., a global provider of research-led cyber security, signed a four-year, 6,313 s/f lease on the 12th floor;

• Public benefit corporation NAVA PBC, LLC signed a four-year, 4,128 s/f lease on the fourth floor;
• KFD Public Reltions, a beauty and wellness communications agency, signed for three years and 2,847 s/f on the sixth floor;

• Court Square Real Estate Partners, a privately held, real estate development, construction and investment firm with over 25 years of experience, signed a five-year, 1,827 s/f lease on the 10th floor;

• Boutique and contemporary Pilates studio New York Pilates, LLC took a 1,670-square-foot space for three years on the ninth floor;

• Tribeca Printworks, LLC, a custom fine arts giclée printing studio, committed to a 1,955s/f• space for five years on the sixth floor;

• Architectural Preservation Studio, PLC, a women-owned design firm that specializes in architecture, historic preservation, and exterior envelope consulting, signed a 10-year, 1,810 s/f lease on the ninth floor;

• Technology consulting firm Solid State Consulting signed a five-year, 744 s/f lease renewal on floor four; and

• Speed Media, a digital service provider for the advertising and broadcast industries, signed a 269 s/f lease renewal for one year on the ninth floor.

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Howard Epstein, Director/Leasing, HSP Real Estate Group, a member of NAI Global, has arranged a new lease for Central Apparel Group, Ltd. at 16 West 36th Street, between Fifth and Sixth Avenues. The women’s international wholesale and manufacturing company will be moving within the building from its current 978 s/f offices on the 12th floor to more than twice the space with 2,096 s/f on the fifth floor.

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The Rudin Family announced that independent foreign exchange business Travelex Currency Services has signed a 10-year lease for an 8,400 s/f prebuilt office suite at 355 Lexington Avenue in Midtown East.Travelex’s new offices will encompass a portion of the building’s 3rd floor and feature a state-of-the-art reception area, polished concrete floors, high ceilings, a modern pantry area and glass walled conference rooms. The company is currently located at 122 East 42nd Street and expects to relocate to 355 Lexington Avenue in the first quarter of 2018. Robert Steinman, senior vice president at Rudin Management Company, represented building ownership in the 10-year leasing transactions, while Michael Liss and Anthony Manginelli of CBRE represented the tenant.

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