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Deals & Dealmakers

Leases: ABS hooks up Stanford on B’way, Adams & Co. in action on 33rd

NEW YORK

ABS Partners Real Estate, LLC announced that it secured a 6,000-square-foot lease for Stanford University at 915 Broadway in Manhattan’s Flatiron District. The university is taking space on the 18th floor for the headquarters of its Stanford in New York pilot program. The endeavor marks the university’s first academic program in New York City.

Jay Casserly
Jay Casserly

The Stanford in New York pilot program will launch in the fall of the 2015 with 20 undergraduate students. The first quarter-long program is geared towards juniors and seniors studying the arts, architecture, design, and urban studies. Future quarters will include other subjects, including media and finance. The program, being developed out of the Office of the Vice Provost for Undergraduate Education, consists of immersive study and internship work at companies that range from architecture firms and government offices, to non-profit organizations and cultural institutions. Howard Lutnick, Chairman and CEO of BGC Partners and CEO of Cantor Fitzgerald, and his wife, Allison, are benefactors of the program.
915 Broadway is a 20-story, 250,000-square-foot building in the heart of the Flatiron District. The modernized building has dual-attended lobbies and direct fiber connections in every space.
Jay Caseley, Carol Sacks and Alex Kaskel of ABS Partners represented the landlord, 915 Broadway Associates LLC, in the transaction. Aaron Maltz of Newmark Grubb Knight Frank represented the tenant, officially known as the Board of Trustees of Leland Stanford Junior University.

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Adams & Co. Real Estate, LLC brokered a 3,092 square-foot new lease at 10 West 33rd Street for Accessories House NY, LLC.
David Levy, principal of Adam’s & Co., represented the tenant and the landlord, Thirty West Thirty Third Associates in the transaction. Although the full details of the transaction were not disclosed, asking price was $50 per square-foot. The company plans to use the space as general and executive offices as well as a fashion accessory showroom.
Accessories House NY is a wholesale accessory manufacturer specializes in jewelry and handbags. The company was started in 2009.
Built in 1914, 10 West 33rd Street is a 12-story, 319,200 -square-foot building. Notable tenants include A Classic Time Watch Co., Barganza, Global Design Concepts and Gina Group, with retail tenants Legends Bar & Grill, BCD Tofu House, and United States Post Office.

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Joan Simon, a 2014 CoStar Power Broker who specializes in retail leasing at Admiral Real Estate Services Corp., has closed 50,000 square feet of leases and sales on behalf of her clients, with an aggregate value of $12,000,000.
Except where noted, Joan Simon represented both the tenant and the landlord in the following:
•ARDSLEY – Gigi’s Playhouse, a Down syndrome achievement center, at Village Green Shopping Center. Gigi’s Playhouse was represented by John Ritchie and Ann Silver of Rand Commercial.
•BEDFORD HILLS – Anytime Fitness, a 24-hour gym, at 720 North Bedford Road.
•BRIARCLIFF – Laser Luxury, a full-service laser med-spa, at 468 North State Road.
•CHAPPAQUA – Noelle Marie Photography, located at 140 King Street.
•DANBURY, CT – The fifth location for restaurant Salsa Fresca at 109 Federal Road.
•MOUNT KISCO
-BG Fitness, dance and fitness apparel and shoes, at 200 East Main Street. Additionally, Simon co-brokered the sale of this building with John Barrett, also of Admiral.
-Studio 22, a physical training studio with indoor cycling and yoga, at 145 Kisco Avenue. Studio 22 was represented by Lindsay Matthews of Renwick Sotheby’s Realty.
-Little Drunken Chef, a restaurant at 36 East Main Street.
-Mount Kisco Medical Group (MKMG), an urgent care medical facility, at 360 North Bedford Road. MKMG was represented David Livshin of The Dagar Group.
-Mount Kisco Farm, an upscale farm market, at 21 South Moger Avenue. Mount Kisco Farm was represented by Paul Hong of J One Corporation.
-Power 4 Fitness, a gym newly opening at 222 East Main Street.
-Oriental Foot Reflexology, a foot care and body work spa, at 153 Main Street.
-The Aesthetic Sense, a fine art and Judaica gallery, at 222 East Main Street.
•NEW ROCHELLE – Sale of 15 Leroy Place, co-brokered with John Barrett, also of Admiral.
•PLEASANTVILLE – Ride of Pleasantville, a bicycle sales and repair shop located at 353 Manville Road.
•WHITE PLAINS – Repair Xpert, a cell phone, tablet and computer repair store, at 270 Main Street. Repair Xpert was represented by David Richman of Rakow Commercial Realty.
•YORKTOWN – Mathnasium, a math learning center, at the Triangle Shopping Center. Mathnasium was represented by Diana DiBullo of Keller Williams.

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MHP announced the following leases:
Farfetch.com has leased the entire 5,280 s/f 6th floor at 30 West 21st Street. Joseph Friedman, Bret Varricchio & Julie Lee represented ownership. Handler Real Estate Services represented tenant in the five year deal.
Chick-fil-A, Inc. has leased 2,666 s/f of retail space at 1180 Avenue of the Americas. Garett Varricchio, Bret Varricchio & James Tamborlane represented ownership. Robert K. Futterman & Associates LLC represented the tenant in the 20-year lease.

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Savitt Partners announced the following:
JDX Consulting Inc., a London based firm specializing in aligning cost-effective, flexible resourcing solutions to financial services clients in the area of change and remediation projects has signed a lease at 12 West 37th Street. The firm will relocate from its former office at 1441 Broadway and take 2,500 square feet in the Midtown office building. The asking rent in the building was $46-per-square-foot.
Elliot Zelinger and Greg Lafayette of Savitt Partners represented JDX Consulting in the transaction. Daniel Breiman of Olmstead Properties represented the ownership.

NEW JERSEY

The Goldstein Group’s recent leasing transactions in New Jersey are:
Columbia Bank –The Goldstein Group represented both the bank and the owner in the leasing of a 3,200 sf space at 110 Route 4 in Paramus. Principal, Neil Goldstein, and Sales Associate, Greg Panayoti, were responsible for the deal.
Sherwin Williams – The Goldstein Group leased three spaces on behalf of the national paint store retailer. 4,000 sf at River Front Shopping Center in Hackensack, 4,200 sf at the Shop Rite Center at 17-71 River Road in Fair Lawn, and 4,680 sf at 509 Route 10 in Ledgewood. Principal, Neil Goldstein, and President, Chuck Lanyard, were responsible for the transactions.
T-Mobile – The Goldstein Group represented the tenant in the leasing of four locations including 1,200 sf at The Plaza Center in Secaucus, 1,400 sf at 1 Route 20 in Paterson, 1,800 sf at 548 Central Avenue in East Orange, and 2,200 SF at 248 Central Avenue in Jersey City. Executive Vice President, Lew Finkelstein, and Vice President, CJ Huter, brokered the transactions.
Vision Works – Representing the owner, The Goldstein Group handled the leasing of 3,820 sf at 120 Route 22 in Springfield, NJ. President, Chuck Lanyard was responsible for the transaction.
Moe’s Southwest Grill – On behalf of the retailer, The Goldstein Group leased 2,100 sf at College Plaza at 98 Route 59 in Nanuet, NY. Sales Associate, Scott Milich, was responsible for the deal.
CKO Kickboxing – On behalf of the owner, The Goldstein Group leased 3,720 sf at Ramapo Plaza at 771 Hamburg Turnpike in Wayne, NJ. Vice President, Donald Goldstein, brokered the transaction.
Leisure Fitness – Representing the owner, The Goldstein Group leased 4,800 sf at Chadwell Plaza on Route 10 in East Hanover, NJ. President, Chuck Lanyard, was responsible for the deal.

JILL GORDON
JILL GORDON

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NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced the leasing of 6,000 square feet, at 701 Broadway in Westwood, New Jersey, to a franchisee of Pulse Fitness.
Sales Associate Jill Gordon, of NAI Hanson, marketed the space and managed the transaction on behalf of the industrial property’s owner, Robert Risman. The space includes 12-foot ceilings, an interior in excellent condition, visible signage and 30 parking spots.
Pulse will feature a juice bar, a full range of weights, state-of-the-art exercise equipment, private/ personal training and facilities for children’s fitness. The gym, which has strong local ties, will benefit from this central location in a corridor with almost no other national fitness brands.
The site is located along Route 115 (Broadway) in Westwood, between several Bergen County feeder roads, including Routes 502, 503 and 110. It is also situated in close proximity to the Garden State Parkway.

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Two of the tristate area’s leading law firms have renewed their leases at Court Plaza South, located at 21 Main Street in Hackensack. The Class A office complex is owned and managed by Alfred Sanzari Enterprises.
In the larger transaction, Winne, Banta, Basralian & Kahn P.C. renewed and expanded to 17,500 square feet of space. A Court Plaza tenant since 1990, Winne Banta is the oldest and one of the largest full-service law firms in Bergen County. The firm’s practice areas include real estate law; litigation; wills, trusts and estates; corporate and business services; representation of various government entities, including municipalities and school boards; matrimonial and family law; and personal injury, among others.
In the second transaction, Kaufman Dolowich & Voluck LLP renewed its lease for 7,500 square feet. Both transactions were negotiated in-house by Alfred Sanzari Enterprises. Winne Banta was represented by Marc J. Trevisan and David Sherman of Cushman & Wakefield N.J.; Peter T. Rossi and Kevin J. Murphy of Newmark Grubb Knight Frank represented Kaufman Dolowich & Voluck LLP.

 

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