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Leases

LEASES: JLL has completed leases, totaling 24,228 s/f of space

NEW YORK

DAN OLIVER

An importer and manufacturer of food service equipment and cookware is relocating from the Flushing section of Queens to one of BEB Capital’s commercial buildings on Harbor Park Drive in Long Island. Amko Trading Corp. has taken nearly 15,000 s/f of office and warehouse space at 26 Harbor Park Drive, where BEB Capital also makes its headquarters. The lease term is five years, effective immediately. Amko Trading Corp.’s new address is a 71,000 s/f two-story building acquired by BEB Capital in 1994. Other tenants include the 7-Eleven convenience store chain, which has its Northeast headquarters there; Harbor Brands Group, the U.S. distributor for Italian footwear maker Bruno Magli; strength-training firm InForm Fitness; and Sandata Technologies, a healthcare software innovator. The transaction was brokered by Daniel Oliver and Daniel Marcus of Newmark Knight Frank, representing the property owner; and by Bob Murphy of Grenier-Maltz Real Estate, negotiating for the tenant.

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Healthcare company ZCP, Inc. has relocated its headquarters within New Hyde Park, nearly tripling its office space. ZCP, which provides a host of tech-based and marketing solutions in the field of pharmaceutical claims processing to drug manufacturers, non-profits, and corporations signed a long-term, 5,000 s/f lease for concourse-level space at 1981 Marcus Avenue. The office property, owned by CLK Commercial Management, is across the street from Long Island Jewish Hospital and Northwell Health System offices. The new office space includes various executive offices, large boardroom, bullpen for support staff, and a recreation room with a pool table, TV, and kitchen.Darren Leiderman, of Colliers International, arranged the new lease on behalf of the building owners. ZCP did not have a broker.

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Cloudflare has signed a lease for more than 7,000 s/f on two floors at 251 West 30th Street, comprising the entire 4,799 s/f 16th floor and 2,250 s/f on the 15th floor. One of the largest Internet services providers in the world, used by more than 20 million properties, Cloudflare provides security, performance and acceleration products for on-premises, hybrid, cloud and SaaS applications. Representing the owners were John Monaco, executive vice president/leasing, HSP Real Estate Group, a member of NAI Global, and Newmark Knight Franks’ Billy Cohen, vice chairman, and Jared Winter, director. The tenant was represented by Sam Seiler, managing director, JLL. Asking rent for the space was $64 psf. The lease term was three years. Among the more recent tenants at 251 West 30th Street have ben Jupiter Intelligence, Primary, and global architecture firm Greenberg Farrow. The 16-story prewar building, which was acquired by HSP Real Estate Group and Marciano Investment Group in 2016, has undergone improvements throughout the interiors and achieved a Silver LEED Certification. Cloudflare is expected to take possession of its new offices early next year.

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TerraCRG has announced the completion of three office leases in DUMBO – two at 55 Washington Street and one at 31 Washington Street. Caroline Pardo, Chris Havens and Micah Hecht of the TerraCRG office leasing division brokered the deals. The tenants of the two leases signed at 55 Washington Street were represented by Pardo and Hecht, and the landlord, Two Trees Management Co., represented themselves.

• A 7,076 s/f suite was leased to Experience Interaction LLC, an agency focusing on digital-first storytelling. Additionally, a 1,714 s/f suite was leased to Duke Properties, an investment firm that identifies multifamily acquisition opportunities. Both tenants signed on for a five-year lease.

• A seven-year lease was signed at 31 Washington Street; the newly renovated 6,250 s/f space was leased to BReel, an international creative agency working globally with offices in Stockholm, London, Los Angeles, New York and Barcelona. This is a sister company of B-Reel Films. Havens represented the landlord; B-reel did not have a broker.

NEW JERSEY

JLL has completed seven retail leases, totaling 24,228 s/f of space, throughout New Jersey.

• Brick City Brewing Co., DBA Newark Local Beer, completed a 10-year lease for 6,243 s/f of retail on the first floor of the Class A, 436,000 s/f 540 Broad Street office building in Newark, with 540 Broad Street Owners LLC, a joint venture of L+M Development Partners Inc., Prudential Financial Inc. and Goldman Sachs Urban Investment Group. The tenant was represented by Marta Villa, senior vice president, with JLL. The building owner was represented by Ryan Starkman, director, with Pierson Commercial Real Estate LLC.

• Flemington Furs LLC signed a 10-year lease for 6,000 s/f of retail at the 135,000 s/f Shoppes at Flemington, an open-air lifestyle center at 100 Reaville Avenue in Flemington, with building owner Shoppes at Flemington LLC. The tenant was represented by Blake Shanaphy, associate, with JLL. The building owner was represented by Mike Rawlins, vice president, and Colby Piper, salesperson, with Ripco Real Estate LLC. The retailer is relocating to the Shoppes at Flemington from its original store at 8 Spring Street in Flemington.

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SHANAPHY

• 1-800-Got-Junk inked a 10-year lease for 2,700 s/f of office/flex space at the 80,000 s/f 61-71 East Willow Street in Millburn with building owner Bleeker Fidelco Associates LLC. The tenant was represented by Blake Shanaphy, associate, with JLL. The building owner was represented by Ken Rubin, managing partner, with Rubin Realty & Associates Inc.

• Anthony Mangieri, DBA Una Pizza Napoletana, completed a 10-year lease for 2,300 s/f of retail at the 15,000 s/f, mixed-use 91A First Avenue in Atlantic Highlands with building owner Portland Real Estate LLC. The tenant was represented by Blake Shanaphy, associate, with JLL. This is the second site for the pizzeria, which has another location at 175 Orchard Street in New York.

• Zaro’s Family Bakery inked a 10-year lease for 2,285 s/f of retail on corner of Broad and New Streets at the Shoppes On Broad in Newark. The building owner was represented by Marta Villa, senior vice president, with JLL. The family bakery is opening its second Newark location at the building, which is located at Broad and New streets, across the street from Military Park.

• Gyro King completed a 10-year lease for 1,800 s/f at the 224,650 s/f Golden Acres Shopping Center, 3600 Park Avenue in South Plainfield, with building owner Polimeni International Inc. The building owner was represented by Craig Parcells, associate, with JLL.

• AIR Aerial Fitness signed a five-year lease for 1,550 s/f of retail at 7,000 s/f 1280 Springfield Avenue in downtown New Providence with building owner Marion Street Properties 1280-SA LLC. The tenant was represented by Conor Ryan, associate, with JLL. The building owner was represented by Jason Forster, broker, with Maxavenue LLC. The aerial fitness program is opening its first New Jersey location at the site.

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