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Deals & Dealmakers

LEASES: Lee & Associates arranges 7-year, 11,000 s/f sublease at 40 West 25th

NEW YORK

ANDY UDIS

ABS Partners Real Estate secured a five-year, 9,903 s/f lease for Grant Associates, a national workforce development company, at Savanna and Hornig Capital Partners’ Bruckner Building, 2417 Third Avenue in Mott Haven. The tenant is expanding to the newly renovated property and will occupy the seventh floor when it moves this fall. Andy Udis and Alison Miller represented Grant Associates. Ownership was represented by Mitch Arkin of Cushman & Wakefield and Ellen Israel of JRT Realty.

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Sharp Entertainment has signed a 2,637 s/f, seven-month lease at 110 West 40th Street in the Garment District. The Manhattan-based television production house, which produces such shows as Momsters and Secret Lives of Stepford Wives, will utilize part of the 25th floor for its executive offices. David Levy and Brett Maslin of Adams & Co. represented the both the tenant and the landlord, One Ten West Fortieth Associates, in the transaction. 110 West 40th Street is a 26-story, 129,808 s/f property located near Bryant Park. Rent was $75 psf.

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DENNIS SOMECK

Lee & Associates NYC announced that Dennis Someck and Justin Myers arranged a seven-year, 11,000 s/f sublease across the entire fifth floor at 40 West 25th Street for Ceros. The experiential content creation platform already occupies the entire 12th floor of the building, for which Someck and Myers arranged the lease in 2017. This new fifth floor lease represents an addition to their existing office space in the building. Ceros allows users to design an immersive digital experience for their consumers through interactions, animations, embedded media and storytelling. The sublandlord, Wasserman Media Group, was represented by Dan Wilpon and Sinclair Li of CBRE. The building owner is Unizo Holding Company. Ceros will move into the fifth floor space in late June 2019. Asking rent was $69 psf.

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Burke Rehabilitation, a leader in medical rehabilitation, has opened its second Bronx location, leasing 6,583 s/f at 1250 Water’s Place at Simone Development’s Hutchinson Metro Center in the Bronx. James MacDonald, Vice President of Acquisitions and Leasing at Simone Development, represented the building owners in the deal. Burke now operates three of their nine outpatient facilities in Simone properties in the Bronx and Westchester County,

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NAI Long Island announced that Paul Schneider and Carmine Inserra brokered a lease at 135 Pinelawn Road in Melville. The agents represented Wellqor LLC, in the lease of 944 s/f from landlord, Greenway Office Park, LLC. Wellqor will initially occupy 944 square feet, and will then move to a 1,181 s/f office space.

NEW JERSEY

SAMIR GUZMAN

Go! Go! Curry, a fast-casual franchise specializing in Japanese comfort food, is opening its first New Jersey location at Paramount Assets’ 1 William Street in Newark. Samir GuzmanParamount’s executive director of leasing and marketing, arranged the 1,500 s/f lease. Ryan Starkman of Pierson Commercial Real Estate represented the tenant. The location is part of the 12,000 s/f street-level commercial component of William Flats, an adaptive reuse of the former United Women’s Garment Workers’ Union headquarters property. Go! Go! Curry will join aretail co-tenancy that includes Santander Bank and 7-Eleven. One 4,500 s/f retail space remains available at the property. The first Go! Go! Curry America location opened near Times Square in 2007 and the growing chain now operates eight locations in New York, Massachusetts and Texas.

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Paramount Assets has moved into new headquarters at 45 Academy Street in Newark from its former offices in Elizabeth, nearly doubling its footprint from 6,000 to a 12,000 s/f. The relocation will accommodate Paramount Assets’ business growth and establish the firm’s corporate presence in the same city as many of its current redevelopment projects. Situated at the corner of Halsey/Academy Streets and Raymond Boulevard, 45 Academy Street was built in the late 1890s and originally served as the home to Coleman National Business College. Paramount Assets acquired the 38,000 s/f, five-story boutique office building in 2017 and is in the process of fully restoring and rehabilitating the asset’s historic façade to its original appearance. More than 50 employees from the firm’s Elizabeth office have relocated to 45 Academy Street; Paramount Assets maintains satellite offices in Perth Amboy, Orange and Plainfield for an additional 25 staff members.

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NAI James E. Hanson announced the following leases:

JEFF DeMAGISTRIS

• 25,526 s/f lease at 175 Anderson Avenue in Moonachie, Jeff DeMagistris and Tom Vetter represented the landlord, 175 Anderson LLC, in the lease with Cactus Clothing Co. The lease deal follows the recent sale of the property, which was facilitated by the team of DeMagistris and Vetter in April. 175 Anderson Avenue is a one-story 25,526 s/f industrial/flex building. Relocating from Carlstadt, Cactus Clothing Co plans to utilize the property for warehousing and distribution of garments.

• A 1,325 s/flease for Dr. Linda Silva-Karcz at 83 Summit Avenue in Hackensack. Dominic Fittizzi represented the landlord, Brian Walsh, and the tenant, in the transaction. Located a block away from Hackensack University Medical Center, 83 Summit Avenue is a 3,000 s/f, two-story medical office building.

• A 101,811 s/flease at 19-05 Nevins Road in Fair Lawn, Eric Demmers and Russ Verducci represented the tenant, RD Foods Americas, Inc. 19-05 Nevins Road is a 151,700 s/ft one-story industrial building in Bergen County, 10 miles from New York City. The location is RD Foods Americas’ third New Jersey warehouse and will be used to distribute international, fresh food ranging from seafood to fruits and vegetables.

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PAG Investments announced that K&G Fashion Superstore has leased a 22,000 s/f space in the Woodbridge Crossing shopping center, at 465 Green St., Woodbridge. PAG Investments acquired Woodbridge Crossing in February 2019. The K&G lease was brokered by Sabre Real Estate Group LLC. K&G is a subsidiary of Tailored Brands, which has 1,400 stores in the U.S. and Canada as well as a branded e-commerce website. Its other brands include Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, and Moores Clothing for Men.

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LAURA POMERANTZ

Cushman & Wakefield announced that Schutz, the Brazilian shoe brand, has opened a new store at The Mall at Short Hills. Laura Pomerantz, Betty Ende and Heather Reihs Keller represent Shutz exclusively in North America and arranged the 1,800 s/f, long-term lease. Schutz is located on the second floor of the mall, which is owned by the Taubman Company.

CONNECTICUT

TIM RORICK

Newmark Knight Frank (NKF) announced the first lease at 23 Vitti Street, a new medical office building in downtown New Canaan. Senior Managing Director Tim Rorick and Associate Jack McDermott represented the landlord, Cambridge Hanover and its partner Collins Enterprises, LLC, while Managing Director Christian Bangert represented the tenant, Greenwich-based Riverside Pediatrics, in its 3,000 s/f lease of approximately half of the second floor for its second medical office. The two-story, 8,700 s/f building features medical-grade HVAC and HEPA filtration systems. It is the first new medical office construction in New Canaan in over two decades. As the property’s exclusive broker, the NKF team continues to represent the landlord in leasing the additional 5,000 s/f of medical office space available in the building. The building is scheduled for completion in summer 2019.

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JEFF
WILLIAMS

Colliers International Group Inc. completed a new lease for cybersecurity firm JANUS Associates. The deal was brokered by Jeffrey Williams and Hollis Pugh. JANUS has taken 7,500 s/f on the first floor of 2 River Bend Center, a 40-acre business park located at 2 Omega Drive in Stamford. The new lease will run for six years and is a relocation for JANUS. River Bend Center offers tenants an on-site cafeteria, conference facilities, fiber-optic connectivity, electric vehicle charging stations and free Wi-Fi in common areas.

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