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Deals & Dealmakers

LEASES: Cresa arranges Wall Street Plaza leases, Tech firm moves into Flatiron district

NEW YORK

Cresa principal Robert Sattler has arranged new offices for Beghou Consulting at Wall Street Plaza, 88 Pine Street. The national consulting firm, which specializes in life sciences companies, is relocating from 100 Wall Street to a 5,569 s/f, 19th floor office, nearly twice the size of its current space. Beghou Consulting, which is headquartered in Chicago, has offices throughout the U.S. and in India. The landlord, Orient Overseas Associates, was represented by Frank Cento, executive director, Cushman & Wakefield. The term of the lease is seven years. Beghou Consulting is expected to take possession of the space in mid-summer.

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Cushman & Wakefield arranged a 6,566 s/f lease for the Esther A. & Joseph Klingenstein Fund, a family foundation which supports independent education, early childhood development and basic neuroscience research. The Fund will relocate from 125 Park Avenue to the 14th floor at 80 Eighth Avenue in Chelsea. Cushman & Wakefield’s Debra Wollens and David Lebenstein represented the tenant in the transaction. The landlord was represented by Matthew Mandell of GFP Real Estate. 80 Eighth Avenue is a 20-story office building situated at the crossroads of Chelsea, the Meatpacking district and the West Village. The lobby was recently restored and renovated to showcase the building’s authentic architecture. The building’s location provides quick access to dining, retail and galleries in the neighborhood.

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Tech firm Ghostery, Inc. has taken a 5,594 s/f lease at 49 West 23rd Street in the Flatiron District. The company, which develops and operates web browsing extensions, will utilize the full seventh floor for its New York headquarter offices. James Buslik, principal of Adams & Co., represented the landlord, Twenty Three R.P. Associates, while Andrew Loe of JLL represented the tenant in the transaction. Asking rent in the transaction was $68 psf. Built in 1916, 49 West 23rd St. is a 12-story building located a block from the Flatiron Building. The building features 24-hour access, new elevators and a new lobby.

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The Feil Organization announced that Goldfish Swim School has leased 9,600 s/f of space at Glen Oaks Shopping Center, the 187,650 s/f retail center located between 255th and 260th Streets on Union Turnpike in the easternmost portion of Queens near the Nassau County border. Nicholas Forelli, director of leasing, represented Feil. Steve Gillman from The Shopping Center Group (SCG) represented the tenant. Founded in 2006 in Birmingham, MI, Goldfish Swim School is a learn-to-swim children’s facility with more than 80 schools and 2,000 swim instructors around the US. Located at 255-01 Union Turnpike, Glen Oaks Shopping Center boasts a daily traffic count of nearly 25,000 cars. Other tenants include anchors Burlington Coat Factory and Key Food, Walgreens, McDonald’s, Subway, Norwell Health, and HSBC. Built in 1948, the center has been recently updated with a multimillion-dollar façade renovation.

CONNECTICUT

Cushman & Wakefield arranged the lease of space on the 1st and 3rd floors at 777 West Putnam Avenue in Greenwich CT. The firm’s team of Brian Scruton and Mike Norris represented the landlord, Tannenbaum Enterprises in the transaction. New leases signed at 777 West Putnam, include:
• Counterpointe Sustainable Real Estate’s 4,258 s/f new lease on the 3rd floor. Brian Scruton and Mike Norris represented Counterpointe.
• Knighthead Funding’s 3,590 s/f new lease on the 1st floor. Lisa Daniel of Ripco represented Knighthead. • Marc Fisher’s 5,000 s/f expansion on the 1st floor. Kevin Foley of Cushman & Wakefield represented Marc Fisher.
The two-wing, three-story, 130,000 s/f office building is located on the New York/Connecticut border. Amenities include a cafe with a landscaped patio for outdoor dining in season, a manned lobby with security and a concierge, plus secure underground parking. The building offers tenants a private complimentary shuttle to and from the Greenwich and Port Chester Metro North train stations.

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Sean Cahill, principal and managing director of Avison Young’s Fairfield/Westchester office, announced the completion of a 5,700 s/f lease ton behalf of tenant, Neurological Specialists, PC, at Merritt 8 Corporate Park, 99 Hawley Lane in Stratford. Associate Eva Kornreich negotiated the 10-year lease on behalf of Neurological Specialists on the main floor of the building. Neurological Specialists will consolidate two existing locations in the new practice space at Merritt 8 Corporate Park. Merritt 8 Owner, LLC is the property owner and was represented in negotiations by Joseph Coci. In addition to a full medical office build-out, the landlord will add a handicap ramp and ADA electric doors to the main building entrance. Handicap accessible restrooms will also be added to the tenant’s space.

NEW JERSEY

Basser Kaufman announced a new 15,000 s/f lease with Modell’s Sporting Goods at Marlboro Plaza, Marlboro, NJ. Located at the signalized intersection of NJ State Routes 9 and 520, the 303,503 s/f shopping center is based in one of Monmouth County’s most affluent communities, with an average household income of over $151,000 in a one-mile radius. The shopping center has recently undergone an extensive renovation. Modell’s will accompany existing major tenants Hobby Lobby, T.J. Maxx, Kohl’s, Staples, and PetSmart, for a 10-year lease. Rob Goldfeder, director of leasing for Basser Kaufman, made the announcement. Modell’s Sporting Goods was represented by Jerry Welkis of Welco Realty and Bill Farkas of Jeffery Realty. Basser Kaufman represented itself.

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