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LEASES: Kamber Management signs 10K s/f of renewed leases at Tower 45; CBRE leases over 70K s/f at 708 3rd Avenue

NEW YORK

Kamber Management Company has signed approximately 10,000S/F of renewed office leases at Tower 45, a Class A office building in Midtown. The 458,446 S/Foffice tower was acquired by Kamber Management Company in September 2015. Steven Levy of Kamber Management Company represented ownership in the transactions. Renewals at Tower 45 include the following:

• Sentinel Critical Operations, a data facility solutions firm, has renewed a 2.5-year lease for 4,901 s/f, on the 25th floor.
• Horton Point, a platform for hosting boutique hedge fund managers, has renewed a five -year lease for 4,360 s/f.

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Lee & Associates NYC LLC arranged a six-year lease for Untitled Worldwide at 584 Broadway, between Prince and Houston Streets. The award-winning branding agency has taken a 4,321 s/f landlord built-to-suit office space on the ninth floor. Dennis Someck, Principal and Executive Managing Director, Justin Myers, Managing Director/Principal, and Aidan Velle, Associate, of Lee & Associates represented Untitled Worldwide, whose clients include PayPal, NBC and Glossier. United Worldwide was previously located at 110 Greene Street. The landlord, Olmstead Properties, was represented in-house by Steve Marvin. Asking rent was $68 psf.

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Manhattan Skyline Management Corp. recently placed several retailers and brands into new locations. Joshua Roth, Vice President, Retail Leasing for Manhattan Skyline Management Corp. represented the landlord in arranging the following deals:
• Poke Green, an eatery specializing in Hawaiian food with fresh and simple ingredients, has signed a lease for 929 s/f of space at 275 Greenwich Street. This store will be Poke Green’s third downtown NYC location and has 17 feet of frontage on Greenwich Street.

• Italian home furnishings retailer Calligaris has opened its first solo, free-standing retail store in New York City, located at the base of luxury residential building 55 Thompson Street. The retail address of the store is 520 Broome Street. Calligaris signed a long-term lease for the space consisting of approximately 3,582 ss/f of ground floor space with 15-foot ceilings and over 40 ft. of frontage on Thompson Street. Jason Pruger and Harrison Abramowitz of Newmark Knight Frank represented the tenant.

• New York City based coffee roaster Birch Coffee recently signed lease for Manhattan Skyline’s 500 s/f ground-floor commercial space at 71 West Houston Street, between West Broadway and Wooster Street in SoHo. The space is near Washington Square Park, with 22 feet of frontage on West Houston Street. It will be Birch Coffee’s eighth location in NYC. Birch Coffee was advised by Kyle Allen.

• Upper East Side salon, Thomas Taft, has signed a lease for its second NYC location at 75 West Houston in Soho. The 340 s/f store will bring the salon’s full suite of services to a downtown clientele. The tenant was represented by Elie Khen of Douglas Elliman.

• Adding another location to its Manhattan portfolio, J’s Cleaners, a dry cleaning service, recently signed a lease for 550 s/f of ground floor space at 1367 Sixth Avenue. Situated steps from the F line subway station, this space consists of 12 foot ceilings and occupies 12 feet of Sixth Avenue, between 55th and 56th Streets. The property also includes 550 s/f of basement space.

• New sushi eatery MakiMaki has signed a new lease at Manhattan Skyline’s retail space at 1369 Sixth Avenue. The restaurant, which originated from a big brother location in Miami that still operates its popular outpost there, will occupy the 975 s/f, two-floor commercial space in the Plaza District . The shop has 12 feet of frontage on Sixth Avenue, between 55th and 56th Streets.

• Telecommunications and wireless company Sprint opened a new Midtown retail location at 1375 Sixth Avenue. The 840 s/f ground floor space offers 12 foot ceilings and 12 feet of frontage on Sixth Avenue. Its entrance is located near the F line Subway station between 55th and 56th Streets. Sprint was represented by Jerry Scholder and Dean Rosenzweig of CBRE.

• Artisanal French bakery and café Maison Kayser opened its doors in Midtown. The chain signed a lease for a 3,755 s/f two-floor commercial space at Manhattan Skyline’s 1377 Sixth Avenue, marking the newest addition to its ten-plus locations in Manhattan. The location has 30 feet of frontage on Sixth Avenue, between 55th and 56thStreets. Maison Kayser was represented by brokers Paul Berkman and Davie Berke of JLL.

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CBRE’s Keith Caggiano, Arkady Smolyansky and Michael Affronti, representing owner Marx Realty, have arranged nine leases totaling more than 70,000 s/f over the past several months at 708 Third Avenue. The owners have invested more than $11 million in updating the lobby, creating newly finished terraces, and renovating common areas, corridors and bathrooms.

Constructed in the 1930’s with an abundance of terraces and natural light, 708 Third Avenue is a 35-story office tower designed by Ely Jacques Kahn, the architect of Bergdorf Goodman and 399 Park Avenue. Current tenants include the Association of National Advertisers, Benenson Capital, Macro Holdings, Blackfield and the executive headquarters of building owner Merchants National Properties, Inc. and Marx Realty. Asking rents were between $55-$72 s/f in the nine transactions., which include:

• Sports Information Group – entire 12th floor, 17,847 s/f.

• The EastWest Institute – partial 11th floor, 10,015 s/f for a 10-year term, represented by Ellen Herman and Harlan Strader of JLL. Relocating from 11 East 26th Street

Weidenbaum & Harari – partial 22nd floor, 5,761 RSF, 10-year term, represented by Douglas Levine from NKF
• The Mission of Panama to the UN – entire 26th floor with wraparound terrace and river views, 5,123 s/f for a 15-year term, represented by Barry Goodman from NKF. Relocating from 866 UN Plaza

• The Fitzpatrick Hotel Group – partial 2nd floor, 4,967 s/f for a 10-year term, represented by Stephen Sunderland of Optimal Spaces.

• Wheelock Street Capital – entire 30th floor with terrace, 4,698 s/f for a 10-year term, represented by Arkady Smolyansky of CBRE. Relocating from 500 Fifth Avenue

•Itochu Logistics – partial 10th floor, 4,403 s/f for a five-year term, represented by Michiko Murakami of Relo Redac
• Catalina US Insurance Services – partial 10th floor, 4,261 s/f for a five-year term, represented by Sinclair Li, Ryan Alexander and Alex Fincham of CBRE

• SoftTech Health – partial 3rd floor, 3,071 s/f for a three-year term, represented by William McCollum of Prime Manhattan Realty.

CONNECTICUT

Jon Angel, president of Angel Commercial,announced the lease of 2,254 s/f of office space on the third floor at 1057 Broad Street in Bridgeport, CT, to Horizons at Greens Farms Academy. The space is in a newly remodeled office building in a downtown location. Angel represented both the tenant and the landlord in the transaction. Horizons at Greens Farms Academy is a self-funded program of a K-12 co-educational private school.

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Cushman & Wakefield arranged a multi-year, 18,073 s/f lease for Information Services Group (ISG) to establish its new global headquarters at 2187 Atlantic Street in Stamford. ISG is a NASDAQ-listed global technology research and advisory firm. Executive Managing Director Steve Baker of Cushman & Wakefield’s Stamford office represented the tenant.

ISG will be relocating from 281 Tresser Boulevard. The new headquarters will feature a digital client engagement center, a global training facility and office space enabled by the latest digital technologies. The waterfront building features pre-built suites and on-site management. It has recently undergone a multi-million dollar renovation including a new lobby, café, common area finishes, and renovated bathrooms. Senior Director Jodie Dostal of Cushman & Wakefield represented the landlord, an investment fund managed by Black Diamond Capital Management.

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