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Deals & Dealmakers

LEASES: ABS welcomes five firms to Midtown South; Simone arranges seven Bronx leases

NEW YORK

ABS Partners Real Estate has secured space for five firms in Midtown South. The announcement was made by Gregg Schenker, president and co-managing partner, ABS Partners Real Estate. Ronald Zimmerman and Andy Udis at ABS Partners Real Estate closed the following deals across three area buildings:
• Promemoria, an ultra-luxury Italian furniture designer with a need for light-filled space, signed a 10-year lease for 4,660 s/f reserving the entire 17th floor at 152 Madison Avenue. Isaacs & Company represented Promemoria while ABS represented building owners Heskel’s Paramount LLC, part of Heskel’s Asset Management family of properties.
• Gammon and Associates, a corporate branding firm, signed a seven-year lease for 3,885 s/f of space on the fourth floor at 152 Madison Ave. The company, a former tenant in the building over a decade ago, had been occupying a commercial condo and, after selling that space, wanted to return to this building. Murray Hill Properties represented Gammon and Associates while ABS represented building owners Heskel’s Paramount LLC, part of Heskel’s Asset Management family of properties.
• Apple Ophthalmology, a vision services provider, signed a 12-year lease on the second floor for 4,700 s/f of space at 8 W. 38th St. The ABS team, who represented building owners Fraglow Realty Inc. Apple was represented by represented by J.F.W. Realty Corp.
• Also at 8 W. 38th St., the ABS team signed residential real estate firm Lofty LLC, which will be moving uptown from its current Flatiron location, to a five-year, 3,500 s/f lease on the second floor. ABS represented building owners Fraglow Realty, Inc. while Lofty LLC represented themselves.
• Human Resources International is consolidating its 7th and 9th floor space at 9 East 37th St. and will soon occupy the entire 8th floor (5,132 s/f) with a 10-year lease. ABS Partners represented the tenant and the owner, 9 East 37th Street Associates LLC, in this deal.

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Simone Development Companies announced the signing of seven leases totaling 26,360 s/f of medical and office space at 34 Marconi Street in the Bronx. Located contiguous to Simone Development’s Hutchinson Metro Center campus, the two-story building has been repositioned as a multi-tenant medical and office property. The building, which features two dedicated parking areas for tenants and patients, is nearly 95 percent leased, with one 2,200 s/f availability remaining.
• The seven leases include: Kidney Medical Associates (8,600 s/f); Davita Home Training (4,500 s/f); Bond Brothers (4,100 s/f); Davita Clinical Research (2,500 s/f); Konica Minolta (2,400 s/f); Metro Vein (2,260 s/f); and Rehab World (2,000 s/f).

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Carmine Inserra, Principal, and Paul Schneider, Senior Director, represented the landlord, NAI Long Island, exclusively in a new lease of a 4,730 s/f office space in 2150 Joshua’s Path in Hauppauge, New York. The space was leased to tenant, D.I.M.E. Ltd.

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Stellar Management, in partnership with Imperium Capital, announced that the International WELL Building Institute (IWBI) has signed a 9,000 s/f lease at 220 Fifth Avenue. IWBI is relocating from its current space at the nearby 381 Park Avenue South. IWBI will be moving to the building’s 8th floor. Brian Waterman, Andrew Peretz, David Malawer, and Brent Ozarowski of NKF represented Stellar Management, while Michael Baraldi and Laura Pomerantz of Cushman & Wakefield represented the tenant.

NEW JERSEY

CBRE agents William R. Waxman, Mindy Lissner, Kevin Dudley and David Gheriani arranged five new leases at 1 County Road in Secaucus, totaling 105,000 s/f, representingthe ownership, Bhasin Properties:
• DDMG, Inc., a wholesale men’s apparel company based in Secaucus, leased 27,440 s/f. JLL represented the tenant in the lease negotiations.
• GOAT, an online high-end sneaker marketplace founded by Eddie Lu, inked a 27,537 s/f lease in direct negotiations with the CBRE team
• W Showroom, online women’s fashion company leased 18,390 s/f of space at the property.
• The Alvin Ailey Dance Theater leased 17,583 s/f of space in a represented by Avison Young.
• KM Productions, an industry-leading event production services and equipment company, leased 14,305 s/f of space. The Blau & Berg Company represented KM Productions in the negotiations.
• Power Survey, a provider of electric field testing and asset management services, leased 18,358 s/f of space. William J. Cariste of Realty Consultant represented the tenant.

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Cushman & Wakefield announced two retail leases at 231-237 Franklin Ave. in Nutley. David Townes orchestrated both leases on behalf of the landlord, a private ownership entity:
• Good Vibes Yoga & Kombucha Bar committed to 2,200 s/f. It will combine a healthy social environment with the individual practice.
• Mathnasium, a math-only learning center with more than 800 locations around the world, committed to 21,200 s/f.

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Comcast has leased 4,000s/f and will open an Xfinity retail store at St. Georges Crossing in Woodbridge. The announcement was made by Levin Management Corporation (LMC), exclusive leasing and managing agent for the 343,000 s/f center, which sits at the intersection of heavily traveled Route 1 & 9 and Route 35. LMC Leasing Representative E.J. Moawad arranged the lease for the new prototype store for the cable, entertainment and communications giant. Jay Miller of CBRE represented the tenant in the transaction.

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Colliers International NJ announced nearly 19,000 s/f of new leases and a lease expansion at Florham Park Corporate Center, a two-building, 230,000 s/f office campus in Florham Park. The recent activity coincides with the completion of an amenity-focused capital improvement program. Richard J. Madison, Richard Mirliss, Alex Vitro and Jack Callahan head the leasing team on behalf of the property’s ownership, a joint venture of Bergman Real Estate Group and Rialto Capital Management, LLC. The four new tenants include:
• Hilb Group, represented by Cushman & Wakefield’s Curtis Foster and Jerry Shifrin;
• Rayfield & Licata, represented by Paul Steinbock of American Properties Realty, Inc.;
• Hutchison MediPharma, represented by Savills Studley’s Carey Puzo;
• And Piemonte and Liebhauser. Bergman Management headed a renewal/ expansion for Florham Park Wealth Advisors and a new lease by SAG Management, LLC.

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Alfred Sanzari Enterprises announced the following leases:
• Housewares wholesaler Old Dutch International has leased 3,300 s/f of office space at Heights Plaza in Hasbrouck Heights, N.J. Located at 777 Terrace Ave., the six-story Class A building is owned and managed by Alfred Sanzari Enterprises. Stephen C. Jennings, Alfred Sanzari Enterprises’ vice-president of leasing and marketing, arranged the lease; Derek DeMartino of JLL represented the tenant. Purveyors of the original Moscow Mule mug, Old Dutch International has moved its administrative offices to Heights Plaza from combined warehouse/office space at another Bergen County location
• The law offices of Brian J. Neary renewed its lease for 2,755 s/f at Court Plaza South in Hackensack. The firm has been a tenant since 2013. Stephen C. Jennings represented the landlord inhouse.
• The law office of Lawrence B. Diener renewed its lease at Court Plaza North for 1,730 s/f A Court Plaza tenant since 2010, the firm specializes in real estate, family law, personal injury, probate, commercial real estate and collections, among others. Stephen C. Jennings represented the landlord.

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Denholtz Associates announced that Popcorn for the People has signed a lease for 3,958 s/f of flex space at 140 Ethel Road West in Piscataway. Established in 2015, Popcorn for the People is a social enterprise created by the non-profit Let’s Work for Good which focuses on creating employment for adults with autism and developmental disabilities. Popcorn for the People offers the opportunity to combine their unique worldview and passion with one of America’s top snack foods to create unique and fun popcorn flavors for sale at street fairs, neighborhood events and other venues throughout New Jersey. The non-profit will utilize their new space as a warehousing and distribution facility to fill orders for their popcorn. Christina Jordan, Director of Leasing at Denholtz Associates announced that Jaime Zimmel of Zimmel Associates represented Denholtz Associates and the tenant in the transaction.

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JLL completed a new transaction for building owner American Equity Partners LLC with Cipla Inc. at Independence Place, 10 Independence Boulevard in Warren,. The pharmaceutical firm signed for 14,280 s/f of office space at the Class A, 120,528-square-foot commercial office building. The building owner was represented by Craig Eisenhardt, Robert Ryan and Jason Benson, vice president. The tenantwas represented by David Leviton and Jon Meisel with CBRE.

CONNECTICUT

SCP Distributors LLC signed a long-term lease for 32,000 s/f of industrial space at 100 A Benton Street in Stratford, CT, announced Jon Angel, President of Angel Commercial, who represented both parties in this transaction. The landlord of the multi-tenanted building is Stratford Industrial Park, LLC. Founded in 1993, SCP Distributors LLC maintains its headquarters in Covington, Louisiana. The company distributes swimming pool supplies, equipment, and related leisure products worldwide.

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