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Deals & Dealmakers

Leases: Adams & Co on Fifth, Angel lease in NJ

NEW YORK

Algomi Corporation has leased the entire 7,255 square foot 28th floor at Charles S. Cohen’s Tower 57, at 135 East 57th Street, for its U.S. headquarters. The network company, which provides information-matching solutions for the optimization of fixed income liquidity, is expected to relocate from its current offices at 41 East 11th Street to its new facilities later this year. Eric Ferrielle and Robert Tunis of Colliers represented Algomi in the 10-year leasing transaction while Marc Horowitz, Senior Vice President and Director of Office Leasing at Cohen Brothers Realty Corp., represented the building owner. Asking rent for the space was $90 per square foot.

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Adams & Co. Real Estate recently brokered three deals for a total of 4,476 s/f at 411 Fifth Avenue. David Levy, principal, represented the landlord, 411 Fifth Avenue Associates, as well as the tenants in the following transactions at 411 Fifth Avenue.
• A 1,517 s/f new lease for Beauty Solutions, Ltd. Although details of the transaction were not disclosed, asking rent was $48 per square foot. Beauty Solutions plans to use the space for general and executive offices in connection with Tenant’s business.
• A 1,485 s/f renewal for Mantero of America, Inc. Although details of the transaction were not disclosed, asking rent was $52 per square foot. Mantero of America plans to use the space for general and executive offices and showroom for fashion accessories and textiles.
• A 1,474 s/f new lease for Sunflower Jewelry, Inc. Although details of the transaction were not disclosed, asking rent was $52 per square foot. Sunflower Jewelry plans to use the space for general and executive offices and showroom for a jewelry company.

 

NEW JERSEY

Jon Angel, president Angel Commercial LLC, a Southport based commercial real estate brokerage firm, announced the lease of 6,600 s/f of industrial space at 49 Research Drive, Unit C, Milford, CT to Summit Screw and Machine Corporation. Summit Screw & Machine is a precision swiss screw machine shop that has been providing high precision quality turned screw machine components and screw machine parts for over forty years. The company will relocate from Eastern Steel Road.

 

 

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