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Deals & Dealmakers

LEASES: Fenwick & West takes 18,000 s/f in Midtown

NEW YORK

CBRE Group, Inc. announced the firm’s latest under-20,000 s/f office leasing transactions in Manhattan.

• CBRE’s David Kleinhandler and Ken Rapp represented law firm Fenwick & West in an 18,119 s/f sublet at 1211 Avenue of the Americas for the partial 32nd floor from Ropes & Gray. Moshe Sukenik of Newmark represented Ropes & Gray.

• CBRE’s Matthew McBride represented Dataminr in an 8,264 s/f renewal at 99 Madison Avenue for the entire third floor. Matthew Kiamie of Windsor Management represented the owner Mayflower Agency.

• Paul Amrich, Emily Jones, Neil King and Patrice Meagher represented owner Ivanhoe Cambridge in a 16,792 s/f expansion with Charles River Associates at 1411 Broadway for the partial 25th floor.

• Paul Amrich and Neil King represented owner Safra National Bank in a 14,892-square-foot renewal and expansion with Joel Isaacson & Co. at 546 Fifth Avenue for the entire 20th and 22nd floors. The term is 12 years. Dennis Someck of Lee & Associates represented the tenant.

• Lauren Crowley, Jared Isaacson, Mary Ann Tighe, Greg Tosko and Sacha Zarba represented Group SJR in a 10,600 s/f sublease with TrueEX at 22 West 21st Street for the entire ninth floor. TrueEX moved from 162 Fifth Avenue and was represented by Anthony Sciacca of NGKF.

• John Nugent, Scott Sloves and Robert Wizenberg represented sublessor Aon in an 8,068 s/f sublet with law firm Havkins Rosenfeld Ritzert & Varriale at 1 Battery Park Plaza for the partial sixth floor. The term is eight years. Michael Morris of NGKF represented the tenant.

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Robert Skinner of INK Real Estate announced the closing of a 4,064 s/f five-year lease at 453-455 West 17th Street. The former Murray Guy Gallery space is being renovated and reconfigured to accommodate office use. Digital advertising power house AdHawk previously occupied 2,150 s/f on the fourth floor of the same building, but has decided to occupy roughly three quarters of the second floor, almost doubling its current space. The lease was prepared while Skinner was with Keller Williams NYC.

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Two Trees Management Company announced that children’s online retailer Maisonette.com is opening its executive offices in Brooklyn, having signed a lease for space at 55 Washington Street. Jennifer Bon de Font and Dan Conlon of Two Trees Management represented Two Trees in-house.

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ABS Partners Real Estate signed a lease at 49 West 38th Street for Walker Parking Consultants and Engineers, which has worked on projects for SpaceX, Duke University and LaGuardia Airport. The company is relocating its NYC headquarters to the entire 4,600 s/f ninth floor at the building. Andy Udis and Ron Zimmerman of ABS represented the landlord, Heskel’s Properties LLC., in the transaction while Colliers represented the tenant. Asking rent in the deal was $48 per square foot.

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Hunt Corporate Services, Inc. announced the following leases:

• Time-Cap Labs has leased 13,000 s/f of warehouse space at 220 Miller Place, Hicksville. David G. Hunt, president of Hunt, represented the landlord, Anton-Cerrone Associates, in the lease transaction. Frank Rao of New York Commercial Realty represented the tenant. Time-Cap Labs is a pharmaceutical manufacturer specializing in delayed and sustained release dosages. This warehouse space will serve as additional space to accommodate their growing business. The now fully-leased 60,000 square-foot “flex” building at 220 Miller Place is part of an Anton-Cerrone Associates portfolio consisting of over 700,000 square feet of office and flex space throughout Nassau and Suffolk Counties. Hunt exclusively represents Anton-Cerrone.

• Moscot Wholesale Corporation has leased 8,021 s/f of space at 265 Executive Drive, Plainview. David G. Hunt, president of Hunt, represented the landlord, Anton-Cerrone Associates. Steven Reichman of Coldwell Banker Commercial Island Corporate Services represented the tenant.

• Craig Envelope has leased 15,355 s/f of space at 220 Miller Place, Hicksville. David G. Hunt represented the landlord, Anton-Cerrone Associates, in the lease transaction. Andrew Blumenthal of Metro Realty Services, represented the tenant. The company is relocating both its headquarters and printing facility out of Long Island City.

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Savitt Partners announced the following leases:

• Elliot Zelinger represented the law firm of Carmel, Milazzo & DiChiara LLP (CMD LLP) in a 2,950 s/f office lease at 55 West 39th Street. CMD will occupy the entire 18th floor of the boutique office property located in Midtown’s Garment District. The asking rent at 55 West 39th Street is $49 psf. Alan Sinovsky of Sinovsky Realty Services acted on behalf of the building ownership in the five year lease transaction.

• LOLA Production leased 1,318 s/f of office space at 180 Varick Street in the Hudson Square/SoHo West neighborhood. The Schoen Group at Savitt Partners team of Michael Schoen, Sam Saffman, Harrison Katzman and Brian Neugeboren, represented LOLA Production in the lease negotiations. Currently located at 200 Centre Street, LOLA Production required larger office space from where to grow its business. Owned by Olmstead Properties, 180 Varick Street is a 17-story office property continually owned by the same ownership since the 1920s.

• The Schoen Group represented Market Factory, a provider of mission-critical software powering the foreign exchange market, in a 5,702 s/f lease at 45 West 27th Street. The new lease allows Market Factory to expand its operations currently situated in 3,000 s/f at 425 Broadway. Sam Saffman, Michael Schoen, Harrison Katzman and Brian Neugeboren, represented Market Factory. 45 West 27th Street was recently fully upgraded. Completed renovations include a brand new storefront, lobby and elevator gallery.

• Radegen Sports Management, a full service sports marketing and management firm, inked a 2,700 s/f office lease at 28 West 36th Street. Elliot Zelinger represented Radegen. Asking rent at 28 West 36th Street is $49 psf. The firm will occupy part of the third floor at 28 West 36th Street, relocating its office from 150 West 28th Street. Todd Korren and Albert Wu of EVO Real Estate Group represented the owner / manager, R&B Realty Group, LLC in the seven year lease commitment.

NEW JERSEY

NAI James E. Hanson announced the following leases:

• Jeff DeMagistris and Tom Vetter represented the landlord, Teterboro 2004, LLC , in a 29,214 s/f lease to Ebin New York, Inc at 506 Route 46 West. Ebin New York, Inc. is a growing warehouse distributor of hair care products. Ebin New York will relocate from Englewood, N.J. taking a portion of the 77,804 s/f industrial flex space at 506 Route 46 West. Young Lee of Eastern Realty, Inc. represented Ebin New York Inc. in the transaction.

• DeMagistris and Vetter represented the landlord, Green Street Corner, Inc., in a 24,560-square-foot lease to and the tenant, Everbeauty, Inc., for industrial space at 10 Henry Street. Everbeauty is a warehouse distributor of hair care products. Relocating from Moonachie, Everbeauty, will occupy the entire building at 10 Henry Street.

• NAI James E. Hanson negotiated a lease for 13,000 s/f of industrial space at 70 Triangle Boulevard in Carlstadt, N.J. to Cavalli Cabinets. Russell Verducci and Eric Demmers represented the lessee, Cavalli Cabinets, in the lease transaction with the landlord, 70 Triangle Associates, LLC. Cavalli Cabinets was seeking to relocate some of its kitchen cabinet assembly operations from its Carteret, N.J. location to a more accessible building with better access to New York City. This space provides them with that accessibility to allow them to expand their business.

• LILAX USA leased 12,500 s/f of warehouse/flex space to LILAX USA at 4-19 Banta Place in Fair Lawn, N.J. The e-commerce toy and clothing distributor was represented by Pablo Castro represented the landlord, Interior Renovations, and the tenant. 4-19 Banta Place is a two-story 55,000 s/f industrial/flex space featuring 24-hour surveillance and a two-ton warehouse crane. LILAX USA will be occupying 10,000 s/f of warehouse space and 2,500 s/f of office space on the second floor of the building.

R.J. Brunelli & Co., LLC announced the recent completion of a series of leases that will introduce national retailers, restaurants, and personal service providers to sites across New Jersey, Florida and Pennsylvania.

• In its capacity as Dollar Tree’s exclusive real estate representative statewide, R.J. Brunelli brokered five leases that will bring the nation’s largest single-price-point retailer to sites throughout the state. In Union County, a lease was signed for an 12,230 s/f inline space at Plainfield Plaza, a 50,000 s/f center anchored by Supremo Food Market. The center is located at 249 East Front Street in downtown Plainfield. Danielle Brunelli-Albrecht brokered the deal for the store, which is expected to open in August.

• Danielle Brunelli-Albrecht brokered deals that brought Dollar Tree to a 10,200 s/f freestanding space on Route 37 in Toms River; a 10,000 s/f end-cap unit at the new Bergen Point Retail Center in Bayonne; a 9,100 s/f newly constructed building in Bellmawr located at 42 North Blackhorse Pike; and to a 9,300 s/f inline space at Plaza 70, located at 85 Route 70 in Marlton.

• Franchises of The Max Challenge, the growing New Jersey-based chain of fitness centers, signed leases for five more locations in New Jersey and two in Florida through deals brokered by R.J. Brunelli, which serves as the franchisor’s exclusive national leasing representative. In northern New Jersey, franchisees signed leases for a 2,775 s/f inline space at 35 Main St. in Madison; and a 2,300 s/f space at 700 Harmon Plaza in Secaucus. In the southern part of the state, leases were signed for a 2,800 s/f space at Kingsway Plaza, 300 South Lenola Rd. in Maple Shade; a 2,490 s/f space at 80-88 Hartford Rd. in Moorestown; and a 2,400 s/f space at 90 Hwy. 9 South in Bayville.

• Verizon renewed leases for a 3,867 s/f end-cap unit at Downtown Plaza, 325 Jimmie Leeds Rd., in Galloway, N.J., and a kiosk at Cherry Hill Mall in Cherry Hill, N.J. Both deals were executed by CEO and Principal Ron DeLuca.

• Patti Fiore-AmecAngelo represented both the landlord and tenant in a deal that will bring 7-Eleven to a 3,145 s/f freestanding building at 671 Broadway in Long Branch. The chain is expected to open in the fourth quarter of 2018. R.J. Brunelli is the preferred broker for 7-Eleven in five New Jersey counties.

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