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Deals & Dealmakers

KDA clocks up 1.4M s/f in deals

Kalmon Dolgin Affiliates, Inc. announced the completion of 1,387,223 million square feet of new leases and renewals in 108 deals signed throughout 2013.

KDA also arranged the sale of 31 New York properties during the year, totaling $82.8 million.

Additionally, the brokerage firm was tapped as the exclusive leasing agents for more than 1,070,200 s/f of space at seven properties in Brooklyn and Queens, and announced that two properties managed by the firm, 1828 Troutman Street and 1780 Pacific Street in Brooklyn, reached 100 percent occupancy.

NEIL DOLGIN

“The team at Kalmon Dolgin Affiliates and our management firm, KND Management Co., works diligently to deliver exceptional brokerage and management services to our clients, and we’re very proud of our the firm’s strong grasp on the commercial and industrial real estate market in and around the New York area,” said Neil Dolgin, co-president of KDA.

“It was a great year for our company, and we anticipate many successful endeavors in the coming year.”

Leasing highlights in New York during 2013 include a 90,000 s/f net lease for a multi-story loft at 255 Butler Street in Brooklyn.

Stanley Creations, a jewelry manufacturer, committed to a new, 40,000 s/f lease at the Falchi Building at 31-00 47th Avenue in Long Island City; New York-based drug store chain Duane Reade renewed its 14,000 s/f lease at 198-15 Horace Harding Expressway in Flushing; a 14,916 s/f lease was signed for NYSARC, Inc., a non-profit organization.

Kalmon Dolgin Affiliates also arranged several noteworthy sales in New York during 2013. These included the $13 million sale of 118-138 Hope Street, a 20,000 SF property in Williamsburg; The 37,500 SF mixed-use building at 594 Dean Street in Prospect Heights was sold for $6 million; and 1875 Atlantic Avenue in Bedford-Stuyvesant sold for $2.7 million. KDA successfully negotiated the sale of a Manhattan property located at 219 East 120th Street for $1.4 million.

 

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