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Deals & Dealmakers

ATCO closes two leases in Garment District

ATCO Properties & Management has completed a retail lease renewal and a new office lease at 240-246 West 35th Street, an 18-story building in the Garment District.

Café Nunez has signed an 11-year, 6,177 s/f lease renewal on the building’s ground floor. The restaurant, which includes a lounge and hookah bar, has been housed in the building since 2004. Café Nunez is planning a major renovation of its interior space and a new storefront. Its new lease now extends through 2029.

Jacobson & Company, Inc., a ceiling and drywall contractor, signed a seven-year lease for 1,636 s/f of office space on the 10th floor.

The transactions follow a number of capital improvements at the 88 percent occupied building.

John Cinosky and Colin Godwin of Atco represented the landlord in both transactions. Jacobson & Company was represented by Sarah Pontuis and Alex D’Amario of CBRE. Asking rent for the office space was $52 per square foot.

James Bullaro of Bullaro Properties represented Café Nunez in the long-term retail transaction, where asking rents were $150 per square foot.

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