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LEASES: Kent State fashion school renews and expands on 39th Street; Presidential hopeful leases 1,500 s/f near Times Square

NEW YORK

Handler Real Estate Organization announced the following leases:

• A long-term, 6,000 s/f renewal and expansion with the Fashion School at Kent State University occupying space at Handler’s recently repositioned 315 West 39th Street. The Fashion School at Kent State University, which has expanded by 1,500 s/f in the building, will now occupy space on the third and fourth floors. Ownership was represented by Handler CEO and Principal Scott Galin along with EVP Darell Handler and Associate Helen Kim.

• Fashion and apparel company Hansae Co., Ltd. has relocated its U.S. headquarters, signing a long-term lease at 561 7th Avenue. The South Korean firm will occupy the entire 4,000 s/f fourth floor in the Handler-owned property, which will serve as Hansae’s office and showroom. Relocating from the Penn Station market, Hansae is set to occupy its new U.S. headquarters pending build-out of the space. Scott Galin, along with Richard Farley and Darell Handler, represented ownership in the new transaction. Justin Haber and Kyle Riker, of JLL, represented Hansae in the transaction.

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HSP Real Estate Group, a member of NAI Global, announced the following leases:

• Evan Lieberman, Senior Director, and Michael Dylan, Inceptum Inc., arranged a lease for potential 2020 Democratic presidential candidate, Andrew Yang, at 214 West 39th Street. The 1,500 s/f space is minutes away from Hudson Yards and major transportation hubs. The landlord, Granite Management, was represented by Ernie Vallorano. Asking rent was $49 psf.

• Howard Epstein, director of leasing, arranged a lease renewal for Ducson Imports Inc., a wholesale shoe importer, at 37 West 39th Street. The five-year extension is for the company’s 1,000 s/f space and will begin September 1, 2018 after the current lease expires on August 31. Epstein represented both tenant and landlord, BWW 39 Co. The asking price was $52-psf.

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Lee & Associates NYC announced that Dennis Someck, Justin Myers, Zachary Steinberg and Aidan Velle negotiated a 3,155 s/f lease at 285 Lafayette Street for the first retail location of Inked, a high-end tattoo parlor that is a division of Quadra Media. The lease term is eight years. Inked is a tattoo lifestyle digital media company that covers music, fashion, art and sports. The magazine debuted in 2004 and has nearly 1.2 million readers with a median age of 28. Inked is moving to Soho from 12 West 27th Street, where they previously occupied an office space. In their flagship retail location, they will host famous tattoo artists for residencies. The landlord, 285 Lafayette Realty was represented by Albert Cohen at Centurion Realty.

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Cushman & Wakefield arranged a long-term, 5,183 s/f lease renewal for The Institute of International Bankers (The IIB) at Fisher Brothers’ 299 Park Avenue. The IIB will relocate on the 17th floor of the property, where it will maintain its headquarters through 2029. Jonathan Schindler, Aron Schreier and David Mainthow represented the tenant. Fisher Brothers was represented in-house by Marc S. Packman and Charles P. Laginestra.

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The William Kaufman Organization has signed five new leases for pre-built office suites at 747 Third Avenue. Michael I. Lenchner, Vice President and Director of Leasing of Sage Realty Corporation, represented building ownership in all five transactions:

• Award-winning ad agency and production company The Vault NYC lease 3,049 s/f and investment firm ROAM Global Management took 3,059 s/f. Daniel Madison of Newmark Knight Frank represented ROAM Global Management. Erik S. Harris of Newmark Knight Frank represented The Vault NYC LLC in the five-year transaction.

• Executive search services firm Whitney Partners LLC is taking an additional 2,223 s/f on the 17th floor, bringing its total presence to 5,246 s/f at the property. The tenant has been housed at 747 Third Avenue since 2012 and plans to expand later this year.

• Private debt asset manager PSC Eaglewood Americas LLC is relocating to a 3,835 s/f unit on the 19th floor. The firm is currently located at 350 Park Avenue and expects to move to 747 Third Avenue later this spring. Daniel Madison of Newmark Knight Frank represented the tenant.

• Law firm Fischetti & Malgieri LLP – led by prominent criminal defense lawyer Ronald P. Fischetti – has renewed its 4,634 s/f lease on a portion of the 20th floor.

CONNECTICUT

Webster Bank has leased 25,000 s/f of office space at 200 Elm Street in Stamford, CT. 200 Elm Street is a Class A office property located in downtown Stamford CT and owned by Building and Land Technology (BLT). BLT has leased over 250,000 square feet of office space at 200 Elm in less than 18 months, including approximately 200,000 s/f to tenants that are new to the Stamford market. Ed Tonnessen of JLL represented Webster Bank in the transaction.

NEW JERSEY

NAI James E. Hanson brokered the lease for 3,770 S/F of office space at 23-00 Route 208 in Fair Lawn. Darren Lizzack, Randy Horning and Michael Guerra represented the landlord, 2300 Rt. 208 LLC., and the lessee, River Drive Companies, a newly formed real estate services company.

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