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Deals & Dealmakers

LEASES: Glasses shop signs in Bronx, architecture firm moves to West 40th Street

NEW YORK

America’s Best Contacts and Glasses signed a 10-year, 4,325 s/f lease at River Plaza Shopping Center, located at 50 West 225th Street in the Kingsbridge section of the Bronx. The national retailer, which delivers quality eye glasses, contact lenses and safety glasses to its customers, will occupy a space that formerly housed a Radio Shack and GameStop. Larry Roberts of Arch Brokerage, LTD, represented the landlord, Kingsbridge Associates, LLC; Marc Durst of Sholom & Zuckerbrot Realty, LLC represented the tenant. Rent in the transaction was $75 per square foot or $324,375 per year.

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HSP Real Estate Group, a member of NAI Global, announced that Ira Fishman, partner, and Joe Hentze Jr., Associate, arranged a lease for architectural firm, KSQ Design, at 215 West 40th Street. Located on the penthouse level, the 3,641 s/f space offers views overlooking Midtown and is minutes away from Hudson Yards and major transportation hubs, including the Port Authority, Grand Central and Penn Station. The company is moving from its former New York office at 900 Broadway. The landlord, Heskels Capital LLC, was represented by Ronnie Zimmerman and Andy Udis of ABS real estate group. Asking rent was $52 per square foot.

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Savitt Partners announced four transactions at 530 Seventh Avenue, the 490,000 s/f office property in Midtown:

• AI powered influencer marketplace, Influential Network has inked a 1,700 s/f lease to house New York City operations. The tech company, with offices in Los Angeles and Las Vegas, was represented by Matt Siegel and Eric Cagner of Newmark Knight Frank (NKF). The Savitt Partners team of Brian Neugeboren, Nicole Goetz and Bob Savitt negotiated the lease transaction on behalf of the ownership

• TrueFacet, an online destination to buy and sell pre-owned designer jewelry and watches, has extended its 6,600 s/f office lease and committed to an additional 3,500 s/f on the 15th floor. Since its launch in 2014, TrueFacet has achieved sales growth of 120 percent quarter over quarter. Nicole Goetz, Brian Neugeboren and Bob Savitt represented the building ownership. Alex Leopold and Eric Cagner of NKF represented.

• Kustomer, a customer experience platform, renewed its 5,150 s/f headquarters lease. The company will continue to occupy office space on the 20th floor of the boutique office property where it has expanded its brand identity. Brian Neugeboren, Nicole Goetz and Bob Savitt represented ownership. Conor Kenny of Cushman & Wakefield represented Kustomer.

• Junction37, a media agency, leased 2,100 s/f for its New York City operations. The firm will relocate its operations from 22 West 23rd Street to the 7th floor of 530 Seventh Avenue. As part of the lease negotiations, the ownership will build the new office space with high-end installations that represent Junction37’s branding.

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Adams & Co. Principal James Buslik and Managing Director Jeffrey Buslik announced that Joe’s Jeans and Hudson Jeans, two apparel related fashion houses, signed leases totaling 11,011 s/f at 231 West 39th Street. Known as the Contemporary Fashion Center, the building between Seventh and Eighth Avenues features 12 stories and is the home to over 100 fashion showrooms and 400 fashion lines. The landlord, 231/249 West 39 Associates, was represented by Adams & Co. in both deals. Asking rent was $49 psf on each lease and included:

• A 4,038 s/f new lease for Joe’s Jeans on the ninth floor. The LA-centric denim brand will use the space as an office and showroom for the wholesale sale of women’s and men’s apparel.

• A 6,973 s/f renewal for Hudson Clothing LLC (Hudson Jeans) on the fourth floor. The contemporary denim brand will use part of the fourth floor for the wholesale sale of women’s apparel.

NEW JERSEY

Santander Bank has signed a long-term extension of its lease at Crossroads at Livingston, 301 South Livingston Avenue in Livingston, N.J. The nearly 5,000 s/f bank branch offers a range of financial products and banking services. Eldad Levy, president of Centrock Corporation, owner of the building, made the announcement. Crossroads at Livingston offers all of the amenities of an in-town location with the easy access to local highways. Additional units of 3,300 s/f and 5,400 s/f are available. Santander Bank was represented by Cushman & Wakefield and the landlord was represented by Peter Rasmusson, CCIM and Rick Gelmetti of Lee & Associates of N.J.

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