Real Estate Weekly
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Deals & Dealmakers

LEASES

NEW YORK

Jay Caseley, Carol Sacks, Alex Kaskel, Gregg Schenker and Steven Hornstock of ABS Partners represented the landlord, 915 Broadway Associates, in the following deals. Asking rents in the building range from $65 to $85 psf:
• Starpower, LLC, an entertainment marketing agency, signed a one-year lease for 3,051 s/f. Robert Gallucci, formerly of Cushman & Wakefield, represented the tenant in the transaction.
• Contech, LLC., a digital display advertising company, signed a five-year-two-month lease for 4,462 s/f. E.N. Cutler of Newmark Grubb Knight Frank represented the tenant in the transaction.
• Report Services, Inc., a market intelligence agency, signed a five-year-two-month lease for 1,796 square feet. Omar Sozkesen of Cushman & Wakefield represented the tenant in the transaction, while Michelle Wiedmen of Wiedmen Real Estate Advisors served as their advisor.

STEVE HORNSTOCK
STEVE HORNSTOCK

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Adams & Co. Real Estate announced the following leases:
• An 8,749s/f renewal at 48 West 37th Street for John B. Murray Architect, LLC. David Levy represented the tenant as well as the landlord, Forty Eight Thirty Seven Associates John B. Murray Architect is renewing the full 10th floor space and will continue to use the space for general and executive offices. The asking price was $48 psf. Other tenants in the 18-story, building include ASI System Integration, Imperial Accessories and Ismael Leyva Architects.
Eight deals totaling 8,666 s/f were brokered at 110 West 40th Street. David Levy and Brett Maslin represented the landlord, One Ten West Fortieth Associates, as well as the tenants in the following transactions.
• A 2,063 s/f renewal for Advanced Fashion Technology, Ltd. Asking rent was $50 psf. Advanced Fashion Technology plans to use the space for general and executive offices in connection with the tenant’s business.
• A 1,652 s/f expansion for MM Management. Asking rent was $55 psf. The tenant plans to use the space as general and executive offices.
• A 1,578 s/f new lease for Brunet and Friedberg, Inc. Asking rent was $52 psf. The tenant plans to use the space as general and executive offices.
• A 974 square-foot new lease for Sunnyhaile, Inc. at asking rents of $52 psf. Sunnyhaile plans to use the space as general offices for the textile business.
• An 825 s/f new lease for KR Intercorp, Inc. at asking rents of $52psf. The tenant plans to use the space for general and executive offices.
• A 780 s/fnew lease for Crossover Consulting Group, Inc. at asking rents of $52 psf. The tenant plans to use the space as general and executive offices.
• A 445 s/f new lease for Vandis, Inc. at asking rents of $52 psf. Vandis plans to use the space as general and executive offices.
• A 349 s/f new lease for Splash, Ltd. at asking rents of $52 psf. The tenant plans on using the space as a textile design studio and general offices.

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Savitt Partners announced that three tenants inked new leases at 530 Seventh Avenue. The Savitt Partners team of Bob Savitt, Brian Neugeboren and Nicole Goetz worked with all the companies in negotiating the lease transactions on behalf of the ownership:
• U ART RICH LLC, a French women’s contemporary clothing line, leased 1,700 s/f on the fourth floor. The company will relocate from its current space at 525 Seventh Avenue. Michael Schoen of Savitt Partners represented U ART RICH LLC in the transaction.
• Just for Wraps, a women’s clothing company, will relocate from 1407 Broadway to a 1,700 s/f space on the sixth floor of 530 Seventh Avenue. Marc Schoen of Savitt Partners represented Just for Wraps in the transaction.
• Dragon Crowd Garment Inc., a Los Angeles-based clothing company that design men’s and boy’s apparel, renewed its lease on the 7th floor.

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RFR Realty LLC announced over 12,000 square feet of leasing activity at 275 Madison Avenue. The landlord was represented in-house by AJ Camhi, senior vice president and director of leasing, along with a leasing team led by Mitchell E. Konsker from JLL:
• Brandshare, an e-commerce retailer distribution network, signed a new lease for 3,918 s/f of space at the building. Jared Winter, from ATCO, represented Brandshare in the lease.
• Relmada Therapeutics, a clinical stage, public specialty pharmaceutical company, singed a new lease for 5,790 s/f of space in a deal negotiated on behalf of the tenant by Mitchell Kunikoff and Seth Rosen, Jr. of Lee & Associates.
• Dentist Stanley Heifetz renewed in the building for 1,136 s/f of space.
• Also renewing in the building is Knightsbridge Advisors, a provider of human capital needs for financial service firms around the world, which renewed for 1,565 s/f at 275 Madison Avenue.

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Roberto Guilbet, principal broker of Inwood Property Group Inc. announced that Japp Drink Corp. has leased 900 s/f of retail space at 704 West 177th Street, NY. The property is located between Broadway and Fort Washington Avenue in the Washington Heights section of upper Manhattan. The new tenant is an extension of Pick & Eat Restaurant located on the corner of Broadway and 177th. Guilbet represented the owner and the tenant in the transaction.

NEW JERSEY

Cushman & Wakefield announced the following leases:
• Toner Buzz, an online supplier of ink and toner, has leased 15,000 s/f at 160 LeGrande Ave. in Northvale. The long-term commitment brings the 30,000 s/f industrial property to 100 percent occupancy. Bonni Heller represented property owner Pildes Brothers, LLC, as exclusive leasing agent. Robert Calleo of LB Commercial Realty served as tenant broker. Toner Buzz relocated its headquarters from nearby Norwood, nearly tripling its size.

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S. Hekemian Group (SHG) signed two leases for the retail component of the company’s under-construction ES4 office building in Englewood, announced senior managing director Peter Hekemian. The leasing of ES4, located at 10 Sterling Blvd, is being handled by Brian Silbert, president and CEO, and Wayne Kasbar, vice president, of Silbert Realty & Management:
• Panera Bread and Anthony’s Coal Fired Pizza will take ground-floor occupancy within the building’s 10,000 s/f retail component.

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Alfred Sanzari Enterprises announced the completion of five leases at its Court Plaza office complex in

JON WILLIAMS
JON WILLIAMS

Hackensack. The transactions, all negotiated in-house by Alfred Sanzari Enterprises, include:
• Lawrence B. Diener Esq. renewed his lease for 1,730 s/f. The firm provides legal representation in the areas of real estate, family law among others.
•Attorneys Gerald S. Rotunda, Paul L. Potenza and Joseph P. Castiglia leased 1,350 s/f at Court Plaza South.
• Law firm Cowen & Jacobs renewed its lease for 1,300 s/f at Court Plaza South.
• SteelCore Capital Management LLC leased 680 s/f as part of the small space program at Court Plaza South.
• Personal injury law firm The Reinartz Law Firm LLC, another small space tenant, renewed its lease for 525 s/f at Court Plaza South.
• Phibro Animal Health Corporation has expanded its corporate headquarters lease at Glenpointe in Teaneck by 4,700 s/f for a total occupancy of 49,600 s/f. Glenpointe was developed and is owned by Alfred Sanzari Enterprises. A Glenpointe tenant since 2012, Phibro Animal Health Corporation occupies the entire third floor and part of the fourth floor. The company is a diversified global developer, manufacturer and marketer of animal health and mineral nutrition products.

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Vision Real Estate Partners (VREP) has announced the following leases at Mountain Lakes Corporate Center II, part of the Mountain Lakes Corporate Center in Mountain Lakes:
• EUROIMMUN U.S. Inc. – a subsidiary of EUROIMMUN, one of the world’s leading manufacturers of medical laboratory diagnostics – inked a lease for 25,345 s/f of space. EUROIMMUN U.S. Inc. is relocating its corporate headquarters from Morris Plains, nearly quadrupling its space. VREP was represented by Jon Williams of Cushman & Wakefield of New Jersey. Jim Jones of Penford Group represented the tenant.
• Sloan & Company – a leader in custom corporate interiors, drywall, architectural woodworking and acoustical ceilings – has leased 11,000 s/f, relocating from West Caldwell. VREP again was represented by Jon Williams, and Cushman & Wakefield of New Jersey’s Curtis Foster represented the tenant.

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The Berger Organization announced that Habitat for Humanity Newark (HFHN) has relocated its headquarters to the company’s 58 Park Place in Newark. The affordable housing non-profit occupies 2,000 s/f of fourth-floor office space at the 30,000 s/f colonial-style office property. The transaction was negotiated in-house by The Berger Organization. HFHN relocated to 58 Park Place from Berger’s Military Park Building, located at 60 Park Place. The non-profit moved into temporary office space at the Military Park Building in 2014 after a fire destroyed its Van Buren Street headquarters, according to Brendan Berger, vice-president of The Berger Organization. Christian Benedetto of Hopkins, Sampson & Brown Real Estate Advisory Services brought HFHN to the Berger Organization.

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NAI Hanson announced the following leases:
• 8,000 s/f at 405 Trimmer Road in Lebanon Township, was leased to outpatient rehabilitation provider GenPsych. Joe Vindigni represented the tenant and the landlord, Scenic Pastures LLC in the leasing transaction. GenPsych has signed a 30-month lease and will convert the building into a 13-bed treatment center due to open in the fall of 2015.
• A 3,500 s/f brewing space at 13 Watching Avenue, Chatham, was leased to Twin Elephant Brewing Company, a Morris County-based micro-brewery. Tom Ryan marketed the space and managed the transaction on behalf of the property’s owner, 13 Watchung Avenue Associates. The former industrial space features, 20 ft. ceilings, ideal for housing brewing equipment.
• Nelnet – a provider of interactive marketing solutions within the higher education sector – has renewed its lease for 8,032 s/f of office space at Country Club Plaza, 115 West Century Road, in Paramus. Michael G. Walters and Russell J. Verducci brokered the lease on behalf of the tenant. Nicole Steimel from CBRE represented the landlord. The building is owned by Mack Cali and master leased by Toys R Us. The office space will continue to serve as headquarters for Sparkroom, formerly known as CUnet, a subsidiary of Nelnet. The company has renewed its lease for one year. Nelnet is in the process of looking for a long-term location.

CONNECTICUT

Angel Commercial LLC announced the following leases:
• Coles, Baldwin and Kaiser, LLC (CBK), signed a long-term lease for 4,921 s/f of office space at 1 Elliot Place, Fairfield, bringing the property to 100 percent occupancy. Lester Fradkoff, senior vice president, Angel Commercial, represented the tenant. Jon Angel, president, represented the landlord.
• Pearl Professional Corporation leased 2,232 s/f of office space at 30 Jelliff Lane, a 16,503 s/f office building located along the entrance road to I-95 South. Jon Angel represented the tenant in the lease transaction.
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Charter Realty & Development announced that Peter Levine, the tenant representative for Cobs Bread in Connecticut, has secured a lease for Cobs Bread at High Ridge Center, 1057 High Ridge Road, Stamford. Cobs Bread is part of one of the most successful franchise bakery networks in the world – Bakers Delight. An Australian owned company, Bakers Delight has been in operation for more than 30 years, and has more than 700 bakeries across Australia, New Zealand and Canada (where it operates as COBS Bread).

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