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Deals & Dealmakers

LEASES: William Kaufman org arranges six Midtown leases, Buchbinder & Warren bring in LA laser removal company

NEW YORK

Buchbinder & Warren Realty announced that Sev Laser will open its first New York location at 120 Central Park South. The Los Angeles based medical spa specializes in laser hair removal, laser skin tightening, derma fillers and Botox. The company signed a lease for 950 s/f of professional office space. Jake Velazquez of Compass represented the tenant. Matthew Olden & William Abramson of Buchbinder & Warren Realty Group represented the landlord.

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The CPEX Real Estate Office Sales & Leasing Team anounced the following leases:

• Advertising agency The Custom Family to relocate from its Lower Manhattan office to Gowanus, Brooklyn. The Custom Family will occupy a total of 1,500 s/f on the second floor at 160 7th Street, located between 2nd and 3rd Avenues in the Gowanus. The 73,132 s/f elevator mixed-use building includes a variety of tenants. CPEX’s Managing Director Rich Novak and Associate Director Gina Damond, represented the landlord and procured the tenant in the transaction.

• Kemray Corporation, a medical billing start-up, has signed a lease for 989 square feet at 3858 Nostrand Avenue, one of five buildings owned by Acadia Realty Trust between Avenues Y and Z on Nostrand Avenue in Sheepshead Bay. This is the eleventh lease that CPEX has completed on behalf of Acadia at the 70,514 s/f property spanning the full block (3780-3858 Nostrand Avenue). Rich Novak and Gina Damond represented Acadia and procured the tenant in the lease transaction.

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Milvado Property Group announced a 13,800 s/f lease with Peloton, the indoor cycling company, at Milvado’s warehouse and office building at 99 Lafayette Avenue in central Syosset, NY. 99 Lafayette Drive is a 220,000 s/f multi-tenant industrial and office building situated on 11 acres. The building features ceiling heights up to 24 ft., parking and is positioned in a thriving business community with a well-educated workforce. The property is situated off of Jericho Turnpike between Routes 135 and 106-107. JoAnn Stock, Director of Leasing at Milvado Property Group, made the announcement. Peloton was represented by Paul Leone of CBRE and Milvado was represented by David Hercman in-house.

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CBRE announced that Roc, a nation-wide secured lender based in Manhattan, signed a 6,864 s/f lease at 645 Madison Avenue. The firm will relocate its headquarters to the 19th floor of the Plaza-District building once renovations are completed on the full-floor space. Arkady Smolyansky of CBRE represented the tenant while CBRE colleagues Paul Amrich, Neil King, Patrice Meagher and Georgina Cook represented the landlords, Nightingale Properties and Friedland Properties. Asking rent in the tower of 645 Madison Avenue averages $120 per square foot. Roc was outgrowing its office at 40 West 57th Street and needed a new location that accommodated for future growth.

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HSP Real Estate Group, a member of NAI Global, announced that Evan Lieberman, Senior Director, arranged the first New York City lease for women’s fashion wholesaler Ming Apparel Group at 214 West 39th Street, a 13-story office building located between Seventh and Eighth Avenues in Midtown South. Other tenants at the 15,500 s/f building include Renoir Fashion, Great Joy Trading, Ltd., and Gunit Fashion. Working with Lieberman on the three-year lease transaction was Michael Dylan of Inceptum, Inc. The landlord, G. Holdings Corp., was represented by Ernie Vallorano of Granite Management. The asking rent for the 1,000 s/f office/showroom was $49 psf.

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The William Kaufman Organization (WKO) reports that six companies have recently signed leases and renewals at 767 Third Avenue:

• A new lease for the United Nations University (4,420 s/f), as well as renewals for national law firm Stroock & Stroock & Lavan (6,450 s/f); investment manager Spring Owl Asset Management (3,664 s/f); property manager SJS Management, Inc. (2,913 s/f); law firm Barness & Barness LLP (2,809 s/f); and financial services firm Cavalier Hill Financial (2,638 s/f).

Michael Lenchner, Vice President of Sage Realty Corporation, the leasing and management division of WKO, represented ownership in-house in all five transactions. Andrew Margolin of Newmark Knight Frank represented the United Nations University in the five-year transaction; Michael Monahan of CBRE represented Stroock & Stroock & Lavan in the one-year transaction; Michael Lenchner dealt directly with Spring Owl Asset Management in the two-year deal; Jeffrey Zund of Coldwell Banker Commercial represented SJS Management, Inc. in the three-year deal; and Steven Kaplan of Lansco Corp. represented Barness & Barness in the one-year transaction. David Burton of Vanguard Global Real Estate represented Cavalier Hill Financial.

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