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Deals & Dealmakers

Apple Building deal bringing 100 jobs to Long Island City

Alma Realty and Cushman & Wakefield announced that Charles H. Greenthal Property Sales, a family-owned and operated property management firm, has signed a 12-year, 15,303 s/f lease at 30-30 Northern Boulevard in Long Island City.

Alma which owns the property, which is known as the Apple Building, is also a family-run New York City-based property owner and real estate developer. Greenthal is expected to bring 105 jobs to the neighborhood and estimates it will move in close to the end of this year.

A Cushman & Wakefield team of Joe Grotto, Bruce Mosler, and Mitch Arkin represented Alma, while the firm’s Rob Eisenberg and Remy Libershon represented the tenant. Greenthal’s corporate management offices will remain in Manhattan.

“We are proud to welcome Greenthal Property Sales to this vibrant and growing Long Island City community,” said Peter Kosteas, commercial property manager at Alma Realty Corp.

“The location is perfect for mass transit accessibility. The building’s lighting and floor sizes fit the tenant’s needs and the amenities, including an exclusive and free fitness center, bicycle racks, and a roof deck, are second-to-none.

“Those who work in this new LEED-certified building will help bring a boost to the local economy and further the revival of Long Island City as one of our city’s great up-and-coming residential and commercial neighborhoods.”

“We were looking for a property in the growing and evolving Long Island City neighborhood,” said Albert Mayas, director of management at Greenthal Property Sales, Inc.

Tom Schitt, chief financial officer at Greenthal, added, “The various amenities offered – including the ability to take advantage of the favorable REAP benefit – made the decision to expand in this space very easy for us.”

The eight-story, 213,000- s/f building 26,000 to 30,000 s/f floor plates and 12- to 15ft. ceilings.

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