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LEASES: SF-based marketing co triples Greene Street footprint; Cushman & Wakefield arranges two Midtown leases

NEW YORK

CBRE announced that Leanplum, a mobile marketing company with headquarters in San Francisco, inked a deal to triple its footprint at 110 Greene Street, where it currently occupies 3,000 s/f. The firm will now occupy the 9,700 s/f duplex penthouse at the building. CBRE’s Ben Fastenberg, Mike Iino and Felipe Gomez-Kraus represented the tenant in the transaction, while landlord SL Green was represented in-house by Jeremey Bier and Larry Swiger. The space features an open floor plan with high ceilings, hardwood floors, large windows, three exposures and a large skylight.

CBRE announced the firm’s latest under-15,000 s/f office leasing transactions in Manhattan.
Tenant Representation

Laurence Briody, Peter Gamber and Manny Fitzgerald represented International Rescue Committee, Inc. in a 10,000 s/f lease for the entire sixth floor at 263 West 38th Street. The term is seven years and the landlord was represented by Richard Farley of Handler Enterprises.

Tim Freydberg represented Talisen Construction Corporation in a 7,080-square-foot expansion and renewal lease at 213 West 35th Street for part of the 13th floor for a five-year term. Owner Justin Management was represented in-house by Adam Justin.

Dorothy Chuang, Jonathan Cope and Paul Walker represented Mega International Commercial Bank Ltd. in a 6,993 s/f lease for part of the 21st floor at 120 Broadway for a three-year term. Owner Silverstein Properties was represented in-house by Joseph Artusa, Camille McGratty and Roger A. Silverstein

Sam Mann, Snezana Anderson, Bernhard Weinstabel and Clyde Reetz represented Mustela in a 6,529 s/frenewal and expansion at 60 East 56th Street for the entire sixth floor for an eight-year term. Owner Richard Zirinsky was represented by Paul Ippolito of NKF.

Michael Monahan, Mark Ravesloot and Scott Sloves represented NFP Corp. in a 6,297 s/flease expansion for part of the 13th floor at 40 Wall Street for a term of six years. Owner Trump Properties was represented by Frank Cento of C&W.

Laurence Briody, Lauren Crowley Corrinet and Robert Wizenberg represented Gutmacher Institute in a 6,163 s/f lease expansion at 125 Maiden Lane for part of the 16th floor for a five-year term. Owner Time Equities was represented in-house by Nadja Galloway.

Adam Leshowitz represented Resy Networks Inc. in a 5,500 s/f lease expansion at 520 Broadway for the entire seventh floor. The lease term is for six years. Owner Propp, Mortimer J./Emesco Corporation was represented Morgan Feldman, Antony Sciacca and Robert Silver of NKF.

James C. Ackerson, Sinclair Li and Craig Reicher represented Warshaw Blumenthal Inc. in a 5,092 s/f renewal at 215 Park Avenue South for part of the 20th floor. The lease term is for five years. Owner SL Green Realty Corporation was represented in-house by Gary M. Rosen and Howard J. Tenenbaum.

Landlord Representation.

Laurence Briody and Brian Gell represented owner Park Tower Group in a 14,765 s/f lease with Bain Capital, LLC at 535 Madison Avenue for the entire 29th floor. The lease term is for 16 years. The tenant was represented by Brian Goldman and Matt Lorberbaum of NKF.

Howard Fiddle, Adam Foster, Caroline Merck, Zac Price and Michael Rizzo represented owner Equity Office in an 11,734 s/f lease with Joan Creative for part of the 10th floor at 44 Wall Street. The tenant was represented by CJ Heitner, Howard Hersch and Doug Kauffman of JLL.

Jonathan Cope, Brad Gerla and Caroline Merck represented owner Harbor Group International in a 10,137 s/f lease with Seven Stars Cloud Group Inc. for part of the 19th floor at 55 Broadway. The lease term is for seven years. The tenant was represented by Alan Rosinsky of Metro Manhattan Office Space. 

CBRE’s Timothy Dempsey and Jared London represented sublandlord Cornerstone Research in an 8,168-square-foot sublease with HelmsleySpear for the entire 44th floor of 599 Lexington Avenue. The lease term is for two years. The tenant was represented in-house by Scott Bloom

Joseph Mangiacotti and Paul Walker represented owner BLDG Management Corp. in an 8,160 s/f lease with Desman Inc. for part of the third floor at 3 West 35th Street. The lease term is for 12 years. The tenant was represented by Brett Maslin of Adams & Company.

Brad Gerla, Adam Leshowitz, Michael Rizzo and Robert Wizenberg represented owner CIM Group in a 7,904 s/f renewal with Marulli, Lindenbaum & Tomaszewski, LLP for part of the fourth floor at 5 Hanover Square. The lease term is for three years. The tenant was represented by Colliers.

• CBRE’s Sam Spillane and Bruce Surry represented owner Vornado Realty Trust in a 7,700 s/f lease with Old Republic Construction Program Group, Inc. for the entire 26th floor at 40 Fulton Street. The lease term is for five years. The tenant was represented by Michael Shenot of JLL.

Paul J. Amrich, Georgina Cook, Emily Jones and Patrice Meagher represented owner Tamares Realty in a 6,652 s/f lease with Weber, Gallagher, Simpson, Stapleton Fires & Newby for part of the 24th floor at 1500 Broadway. The lease term is for 10 years. The tenant was represented by Scott Gutnick of NKF.

Dual Representation

CBRE’s James C. Ackerson and Craig Reicher represented Donnelley Financial Solution in a 23,401 s/f renewal for the entire 35th floor and part of the 36th floor at 140 East 45th Street. CBRE’s Meghan Allen, Paul J. Amrich, Alexander Golod, and Neil King represented owner Rockwood Capital.

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Dexterity Furniture, national supplier oF custom cabinets, furniture and decorative millwork, has leased 4,140 s/fat 1 Comac Loop in Ronkonkoma, NY. Tommy Rosati of Colliers International represented the tenant. JoAnn Stock, Director of Leasing, represented Milvado Property Group in-house. 1 Comac Loop is part of Equi-Park, a 661,000 s/f industrial park comprising eight buildings offering a combination of industrial, R&D and office space.

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Cushman & Wakefield arranged two new leases at 366 Madison Avenue, a 16-story building in Midtown Manhattan, on behalf of landlord, Ponte Gadea. Additionally, retailer Jos. A Bank also signed a lease renewal in the property’s retail component.

• The first lease was arranged for real estate investment firm, L3C Capital Partners. The firm will be occupying the entire 5,952 s/f 16th floor penthouse for its headquarters. The space benefits from a private elevator and terrace. James Frederick, Stephen Bellwood and S Gordon Hough of Cushman & Wakefield represented the landlord. 

• The Frederick, Bellwood and Hough team also represented the landlord in a long-term lease arranged for law firm Ortoli Rosenstadt LLP. Managing Director, Diego Rodino di Miglione of Cushman & Wakefield represented the tenant. The firm will occupy the building’s 6,851 s/f third floor for their headquarters. The space offers a turn-key opportunity, renovated lobby and concierge desk, and the potential for 14 offices.

• Menswear retailer Jos. A Bank renewed its lease at 366 Madison Avenue on the building’s ground, 2nd and basement floors, solidifying the retailer’s long-term commitment to the building.

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The Kaufman Organization announced that EquityZen, which operates a secondary marketplace for company-approved investment transactions, has signed a 5,702 s/f lease to relocate and expand its New York City offices at Kaufman’s 45 West 27th Street (45W27) in Midtown South’s NoMad neighborhood. The New York-based FinTech company will occupy a space on the second floor of 45W27, which is part of Kaufman’s Madison Square Portfolio. This latest lease brings 45W27 to full tenant capacity, with the entire Madison Square Portfolio nearly completely leased. Grant Greenspan, Principal of Kaufman, along with Elliot Warren and Michael Heaner of Kaufman, represented the landlord while Elie Reiss of Skylight Leasing represented the tenant. Asking rent was in the mid-$60’s-per-square-foot range and the tenant is expected to take occupancy in late summer. The EquityZen lease brings the total occupancy of 45W27 to 11 tenants. The overall Madison Square Portfolio has only two floors remaining at 15 West 27th Street that are currently pending a lease. 

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NAI Long Island announced the following leases:

Gary Pezza, Senior Director, represented both the landlord, CESW LLC, and the tenant, Replenish Inc. in a 4,000 s/f medical office space lease in 700 New York Avenue in Huntington, NY. Replenish Inc. provides health and wellness products and concierge boutique vitamin infusion services.
Gary Pezza and Carmine Inserra, princpal, represented the landlord, 222 Star Associates, LLC, to place BL Materials, LLC in an 8,600 s/f industrial building located at 144 Allen Boulevard in Farmingdale, NY. BL Materials, LLC was represented by Frank Posillico of Alliance Real Estate Corp. in this transaction.

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T. Weiss Realty has signed leases totaling more than 11,000 s/f within its portfolio of Class-A office buildings in Melville.

• CM Group LLC, the Long Island franchisee of Moe’s Southwest Grill, a tenant in 1,050 s/f on the first floor of Melville Corporate Center I, 105 Maxess Rd., expanded to 1,556 s/f n the building’s last loft-style suite on the second floor. T. Weiss President Craig Weiss arranged the transaction in-house. his expansion brings the building’s second floor, loft-style spaces to full occupancy. 

• ERT Design Group LLC an architectural firm, relocated from 1,215 s/f at 105 Maxess Rd. to 2,081 s/f at the Broadhollow Corporate Center, 532 Broadhollow Rd., taking occupancy on June 1. Craig Weiss arranged the transaction in-house.

• Hollander Legal Group PC, a law firm focused on insurance and criminal defense matters, will relocate from 2,594 s/f at 105 Maxess Rd., to 4,488 s/f within the same building. Craig Weiss arranged the transaction in-house.

• Caliber Home Loans Inc., a national mortgage lender, is to relocate from 3,434 s/f at 105 Maxess Rd. to 4,135 s/f at Melville Corporate Center II, 330 S. Service Rd. Ralph Giuffre of CBRE, represented Caliber and Craig Weiss represented the landlord in-house. The lease brings 330 S. Service Rd. to 100 percent occupancy.

NEW JERSEY

Denholtz Associates announced a lease renewal with Kleinfelder, Inc. for 15,896s/f of office space in the Horizon Center located at 3 AAA Drive in Hamilton, N.J. Stephen Tolkach of Newmark Real Estate represented Denholtz Associates, while Peter Politi of Jones Lang LaSalle represented Kleinfelder, Inc..Recently acquired from the Mack-Cali Realty Corporation, the Horizon Center portfolio consists of several office/flex properties including six buildings and two development sites.

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