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Deals & Dealmakers

LEASES: Atco welcomes Diptyque; Savitt signs 23,000 s/f in Garment District deals



ATCO Properties & Management announced that Paris-based luxury goods company Diptyque will relocate its North American headquarters to 240-246 West 35th Street, an 18-story, 165,000 s/f class A office building in the Garment District. The company has signed a seven-year, 8,097 s/f lease encompassing a portion of the building’s 14th floor. Diptyque – a Paris-based luxury goods company that produces a line of scented candles, perfumes, face and body care – expects to move from its current 145 West 28th Street location to the building in May 2019. Kate Hemmerdinger Goodman, co-president at ATCO Properties & Management, said the lease follows a number of capital improvements recently completed at the property. John Cinosky, President of Atco Brokerage Services, together with Colin Godwin of Atco Brokerage Services, represented the landlord in the long-term transaction. Christel Engel of Colliers International represented the tenant. Asking rent for the office space was $65 psf. Major tenants at 240 West 35th Street include Newsday, fashion and eyewear designer Thom Browne, technology company Fidelus Technology and high-end bridal designer Reem Bridals.



Savitt Partners announced nearly 23,000 s/f in leasing activity at 530 Seventh Avenue in the Garment District. The Savitt Partners team of Brian Neugeboren and Nicole Goetz oversee leasing at the 490,000 s/f office property and negotiated the lease transactions on behalf of the ownership. Among the new companies taking space at the property are:

• Geophy Inc., a provider of data analytics and evaluation for commercial real estate using artificial intelligence, took 3,010 s/f on the 19th floor, which will allow it to expand its employee base from 10 people to 40 in the next two years. Geophy relocated its offices from flexible sublease space at the Empire State Building. Jake Cunningham of Velocity Real Estate negotiated the lease transaction on behalf of GeoPhy.

• E.M. Rose Group, a boutique digital agency working with companies who want to build top tier technology products, services and platforms, expanded its office space less than a year after inking a 1,700 s/f lease for its NYC headquarters. The firm will be relocating and expanding to 2,800 s/f that also features a terrace with city views.


• Massive, LLC, a clothing company with music brand ambassador partnerships and festival presence which has been headquartered in the building since 2006, committed to a 2,100 s/f renewal on part of the 10th floor. Neugeboren assisted the tenant with the renewal.

• Trybus International Corporation, a men’s luxury apparel brand, renewed its 2,800 s/f lease on the 2th floor; denim brand Parasuco USA renewed its 1,400 s/f lease on the 27th floor; and Elevate Network, a global professional women’s network, signed to remain in 3,800 s/f on the 14th floor.

• Backtrace, a technology company with an error management platform to help users pinpoint and resolve crashes and exceptions on every platform, will occupy 2,550 s/f of office space.

• Ascend Learning, a provider of technology-based educational, curriculum and assessment solutions for high-growth careers in a range of industries, will relocate its office from 1350 Broadway and will occupy 2,550 s/f of office space.

• EZOPS, Inc., a provider of artificial intelligence solutions for middle and back office operations, signed a 1,700 s/f lease on the 14th floor. 



Lee & associates NYC announced that Gregory Tannor, Executive Managing Director/Principal, and Zachary Diamond, Senior Associate, negotiated a 15-year, 3,100 s/flease on the ground floor at The Greenwich Lane residential condominium at 15 Seventh Avenue, at the corner of West 12th Street, for Small Door Inc. This will be the first location for the venture capital-backed veterinary service and will be considered their flagship outpost. Small Door a medical team via a mobile app and a personalized approach to managing their pet’s health. The property owner, Rudin Management was represented in-house by Kevin Daly. Small Door is expected to open in the fall of 2019. Asking rent was $200 psf.



Basser Kaufman announced a 2,500 s/f lease with Starbucks at Peninsula Shopping Center, Hewlett, NY. Located at the intersection of Peninsula Boulevard and Mill Road, the 70,707 s/f Nassau County shopping center offers accessibility to the area’s affluent population. Starbucks inked a 10-year lease and joins Foodtown, Ace Hardware, GoHealth Urgent Care, Petland, and T-Mobile at this location. Rob Goldfeder, Director of Leasing for Basser Kaufman, made the annoucement. Starbucks was represented by Russel Helbling of Sabre Real Estate in the transaction. Basser Kaufman represented itself.



Hunt Corporate Services announced that TVR Communications has renewed its lease of 10,000 s/f at 5 Aerial Way, Syosset. David G. Hunt represented the landlord, Anton Cerrone Associates. Frank Roel of All Office Real Estate LLC represented the tenant. TVR Communications is the largest provider of interactive patient education and entertainment products and services in the United States. 5 Aerial Way is a 60,000 s/f industrial flex building located immediately off the Long Island Expressway in Syosset. The building, is currently fully leased.



The New Jersey Ballet Company has committed to 16,641 s/f of space at 7-9 Vreeland Road in Florham Park, New Jersey in a lease transaction arranged by CBRE. The 60-year old dance company is expanding and relocating from Livingston to Florham Park with an anticipated occupancy of October 2019. CBRE’s Thomas Mallaney represented landlord SK Realty Management, an opportunistic real estate investment group, in the lease negotiations. Additionally, CBRE Project Management has been hired by New Jersey Ballet to oversee and manage the construction and costs during their move. The building architect, Parette Somjen, will design the new space. Built in 1979, 7-9 Vreeland Road is a 155,819 s/f building with 20-foot ceiling heights, parking and an interior courtyard. The NAI James E. Hanson team of Joshua Levering and Nick DePaolera acted on behalf of the New Jersey Ballet Company.



Charter Realty & Development announced that Scott Edlitz represented LabCorp. in a 14,190 s/f lease in Wayne. The premises are located just off I-80 on Route 23, close to the Willowbrook Mall and a two-minute drive to the Wayne/ Route 23 Transit Center. LabCorp. leased the entire property, which was previously an Indian Motorcycle dealership. This Wayne lease is the tenth transaction in which Edlitz has represented LabCorp, in both the New York and New Jersey markets. LabCorp provides medical laboratory tests and services through a national network of primary clinical laboratories and specialty testing laboratories. Its corporate headquarters are in Burlington, NC, and it has more than 50,000 employees worldwide.



NAI James E. Hanson negotiated a 600 s/f lease for the Center for Anxiety and Behavior Management, LLC, at 1 Mill Ridge Lane in Chester. Joe Vindigni, Randy Horning, and Darren Lizzack represented the tenant and the landlord, MGHC Group, LLC, in the transaction. 1 Mill Ridge Lane is a two-story, 16,000 s/frecently renovated office building situated at the corner of Route 24. Since 2017, NAI James E. Hanson has represented the building’s management in 9,250 s/f of leasing transactions with tenants such as Capstone Group, Law Offices of William Strazza, and Caristia Kulsar & Wade LLC.



Alfred Sanzari Enterprises has inked a lease expansion with Kaufman Dolowich Voluck for 14,745 s/f at Court Plaza North located at 25 Main Street in Hackensack, N.J. The lease expansion marks the second time that Kaufman Dolowich Voluck has expanded its footprint at the three-building, 335,000 s/f Court Plaza office complex over the past ten years. Originally, Kaufman Dolowich Voluck occupied 3,372 s/f at the Court Plaza South building located at 21 Main Street and two years later expanded into a 7,498- s/f office in the same building. Stephen Jennings, Vice President of Leasing and Marketing for Alfred Sanzari Enterprises, made the announcement.

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