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Deals & Dealmakers

LEASES: ABS Partners Real Estate announces 5,132 s/f Midtown lease



ABS Partners Real Estate announced that McGee Media, a documentary production company, has signed a new 5,132 s/f lease at 9 East 37th Street, a 12-story office building in Midtown. The 67,000 s/f building, owned by 9 East 37th Street Associates, LLC, is located between Madison and 5th Avenues and a short walk to the various transportation options offered by Grand Central Terminal, Penn Station, the Port Authority Bus Terminal and PATH trains. ABS Partners’ Ron Zimmerman, Ian Weiss and Andrew Udis represented the landlord, while Savills acted on behalf of the tenant, which is relocating from the Hudson Square area. The new five-year lease is for the entire 9th floor of the building, which overlooks 37th Street and offers natural light on three sides. McGee Media was founded by award-winning filmmaker Dyllan McGee to produce documentary content through the lens of a more fair, equitable world.



Cresa Advisors Thomas P. Sullivan, Principal, and David P. Danick, Senior Vice President, arranged a 10-year lease for a 10,000 s/f space on the 11th floor of 80 Maiden Lane for all-natural Greek skincare and cosmetic brand Korres USA. The lease represents a significant expansion for Korres, which currently has 4,500 s/f offices on the same floor of the 25-story Financial District tower. The landlord, AM Property Holdings Corp., was represented inhouse by Paul Wasserman. A standard tenant installation is being provided by the landlord, which includes perimeter offices, pantry, and an open-plan workplace area able to accommodate more than 60 people. Korres is expected to take possession of its new offices in the Fall.



HSP Real Estate Group, a member of NAI Global, announced that Howard Epstein, Director/Leasing, arranged a lease for Leopard Solutions, a legal data provider, at 37 West 39th Street. The 2,500 s/f office comes prebuilt with high-end finishes and is located between Fifth and Sixth Avenues, close to Grand Central and Bryant Park. It represents the first Midtown location for the Bronxville-based company, which serves law firms throughout the United States and globally with high-quality legal research solutions. The landlord was represented by HSP Real Estate Group and the tenant was represented by Joseph Armano of Armano Real Estate. The lease term is three years and asking rent was $55 psf. Leopard Solutions will be moving into its Midtown office in summer 2019.



Lee & Associates NYC announced that Dennis Someck, Executive Managing Director/Principal, Justin Myers, Executive Managing Director/Principal, and Conor Krup, Director, arranged an eight-and-a-half year, 6,400 s/f lease for the entire sixth floor at 75 Spring Street for the office of Raven Capital Management, a boutique investment advisory firm. Raven Capital had outgrown its previous office at 110 Greene Street but wanted to remain in the Soho neighborhood. The property owner, Greystone Management Corporation, was represented by Robert Neborak of ABS Partners Real Estate. Raven Capital Management is expected to take occupancy in the new space in November 2019.


Okada & Company announced the following leases:


• National Securities Corporation relocated to 5 Hanover Square located in the Financial District. Francis Leung and Ken Lerner of Okada & Company represented the tenant in the 11,101 s/f transaction. Adam Leshowitz, Rob Wizenberg and Michael Rizzo of CBRE represented the landlord in the transaction.

• Celebrity personal trainer, Robert Brace has signed a five-year lease at 132 Mulberry Street #2E. The space is 2,500 s/f and will be used as a private fitness studio called Body Culture by Robert Brace. The landlord is David & Dayton Realty Inc. Charles Wahler and Matthew Fernandez of Okada & Company represented the client.


Two tenants have leased a combined 4,500 s/f of space at a retail development currently under construction at 1906 Route 27 in Edison, N.J., announced David Townes, senior director of Cushman & Wakefield’s Retail Services Group based in East Rutherford, N.J:


• Family and cosmetic dental chain iSmile Dental will occupy 2,500 s/f. Townes, along with Senior Associate Alana Friedman, represented the landlord. Joe Lombardi of Masserano Real Estate and Consulting LLC represented iSmile;

• Taiwanese dessert chain Meet Fresh has committed to 2,000 s/f for its first New Jersey location. KC Cheah of KCC Realty represented Meet Fresh. David Townes and Alana Friedman, represented the landlord.

The 11,000-square-foot strip center is currently under construction and expected to be delivered later this year.


NAI James E. Hanson negotiated leases for 2,418 s/f of office space with Hudson Pro Orthopedics & Sports Medicine and 1,655 s/f of office space at with Nippon Travel Agency America, Inc. at 700 Plaza Drive in Secaucus, N.J. NAI Hanson’s Josh Levering and Nick DePaolera represented the landlord, The Carlton Group, LLC in the transactions.


Taco Bell recently celebrated the grand opening of its new 1,850 s/f restaurant at 321 Route 15 in Wharton. Developer Paramount Assets owns the 13,000 s/f retail property; the firm’s chief operating officer, Maurice Levy, arranged the ground lease. Jason Pierson of Pierson Real Estate and Ryan Feldman of Alliance Retail Developers served as leasing agents in the transaction.


Angel Commercial announced that Beers, Hamerman, Cohen and Burger, P.C. has signed a long term lease for 6,500 s/f of office space at One Post Road in Fairfield, CT. Jon Angel, president, represented both the tenant and the landlord. Beers, Hamerman has relocated from 2228 Black Rock Turnpike in Fairfield. One Post Road is a 30,400 s/f waterfront office building that features a boardwalk overlooking Ash Creek and water views from all three stories. It is less than one mile from I-95 (Exit 23) and the Fairfield Metro Train Station.



Colliers International Group Inc. completed an office lease renewal for EC Scott Group. The deal was brokered by Executive Managing Director and Market Leader Jeffrey Williams and Associate Director Hollis Pugh. EC Scott, a beauty marketing and distribution services company, has extended its 6,750 s/f lease at 1 Thorndal Circle in Darien. Colliers negotiated a five-year extension for the company, which will keep EC Scott on the third floor of the Class A office building which it has occupied for the last six years. 1 Thorndal Circle is a 30,000 s/f three-story office property that features scenic surroundings and polished granite interiors and exteriors.

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