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Deals & Dealmakers

LEASES: Resnick inks Bryant Park deal; Katz brings sugaring spot to Queens

Lee & Associates NYC announced that Dennis Someck, Executive Managing Director/Principal, and Justin Myers, Senior Managing Director/Principal,arranged a 10-year, 11,993 s/f lease for the entire 20th floor at The Moinian Group’s 245 Fifth Avenue, on the southeast corner of East 28th Street, for the office of Payfone, a digital identity authentication network. The company is relocating from within the building, where they are currently housed in 5,165 s/f of space on the 11th floor. The same Lee NYC leasing team originally brought Payfone to the building in 2016. The Moinian Group, was represented by Christel Engel of Colliers International and Gregg Weiser of The Moinian Group. Payfone will take occupancy at 245 Fifth Avenue in July 2019. Asking rent was $75 per square foot.

FRAN DELGORIO


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Jack Resnick & Sons announced that finance firm Gerber Finance Inc. has signed a full-floor lease at 8 West 40th Street, a boutique, 22-story building located in Bryant Park (pictured top). The firm, which specializes in financing growing companies will occupy 6,667 S/F across the entire 14th floor. Gerber Finance expects to relocate from 488 Madison Avenue this summer. Jack Resnick & Sons was represented by an in-house leasing team of Brett Greenberg and Fran Delgorio, while Rob Silver of Newmark Knight Frank represented the tenant. The building recently achieved Leadership in Energy and Environmental Design (LEED) Gold certification with the U.S. Green Building Council. Other major tenants at the 100 percent occupied property include Marchon Eyewear, Vision Service Plan, Panthera Corp., the Altman Foundation and Joseph Ratner Co.
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Gary Pezza, Senior Director of NAI Long Island, represented both the landlord and the tenant in the lease of medical office spaces located in 158 East Main Street and one located in 175 E Main Street, both in Huntington, New York.
• The first space within 158 E Main Street was leased by Propeak Sports Medicine and will be used for a sports medicine practice.
• The second space was leased by HC Health, Inc. and will be used for an acupuncture practice. Both spaces were leased from Landlord 158 Realty LLC.
• The space within 175 E Main Street was leased by North Shore Services LLC and will be used for social work services. It was leased from landlord Commander Enterprises.

BRIAN KATZ

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Brian Katz, CEO of Katz & Associates, announced the opening of the first Queens location of Sugaring NYC at 32-77 Steinway Street located between 34th Avenue and Broadway in Astoria. The second store is under construction at 1225 Lexington Avenue between 82nd and 83rd Streets on the Upper East Side of Manhattan and slated to open later this year. David Yablon facilitated the 10-year deals ranging in size from 1,200 – 2,000 s/f. Sugaring NYC is America’s leading sugaring body hair removal company. They operate multiple locations in New York, Massachusetts, Florida and are expanding to other states including Illinois, California, Georgia as well as locations internationally including Dubai and Moscow. Sugaring NYC locations utilize supplies and materials manufactured in their facilities in the United States.
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Ceruzzi Holdings LLC has executed a retail lease with JPMorgan Chase. JPMorgan Chase will occupy 6,000 s/f of ground floor space at the corner of 86th Street and Lexington Avenue for a branch location. The Hayworth is a 21-story, 61-unit luxury condominium currently being completed by Ceruzzi at 1289 Lexington Avenue with occupancy anticipated for Fall 2019. JPMorgan Chase joins Old Navy, which executed a lease to occupy 18,500 ss/f on the ground and second floor as well as 5,000 s/f on a lower level. Ripco’s Andrew Mandell represented Ceruzzi in the transaction and JPMorgan Chase was represented by Michael O’Neill of Cushman & Wakefield.

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