Real Estate Weekly
Image default
Deals & Dealmakers

LEASES: Lee & Associates arrange four leases at 875 Sixth Avenue


Cresa Advisors announced the following leases:


• Thomas P. Sullivan, principal, and David P. Danick, Senior Vice President, arranged new offices for financial services firm Cetera Financial Group at 100 William Street. The 2,000 s/f third floor space represents an expansion for the group, which will be relocating from 39 Broadway. The landlord, John Hancock Financial Services, Inc., was represented by Jonathan Cope, senior vice president, CBRE. Asking rent for the three-yearlease was $54 psf.

• Thomas P. Sullivan arranged a 15-year lease for 4,500 s/f of office space for Coliseum Dental at 244-250 West 54th Street, between Broadway and Eighth Avenue. The cosmetic and general dental practice is relocating from 1841 Broadway because the building is scheduled to be torn down for redevelopment. The landlord, Zar Properties, is completing significant building-wide upgrades. Zar was represented inhouse by Dario Zar and David Zar. The 13-story commercial building has a renovated façade, lobby and three new passenger elevators. The building features 11-to 15 ft. ceilings, hardwood floors and exposed brick walls.


Lee & Associates announced that Peter Braus and Dennis Someck arranged four leases at 875 Sixth Avenue, between West 31st and West 32nd Streets, on behalf of the property owner, Old 875 LLC and New 875 LLC, a division of Lee & Associates NYC.


• Cambridge Insurance Advisors will be moving within the building, from a 2,941 s/f space on the eighth floor to a 3,809 s/f space on the tenth floor. The lease term is five years. Braus and Someck represented the owner. Michael Kaufman of the Kaufman Organization represented the tenant.

• Commonwealth Toy & Novelty Co. will be moving to a 1,481 s/f space on the 17th floor. The lease term is three years. Braus and Someck represented the owner. Barry Goodman of Newmark Knight Frank represented the tenant.

• Chief Media has renewed its 6,992 s/f lease on the 11th floor for three years. The tenant was represented by Peter Occhi of Cushman & Wakefield.

• Florentine Films has renewed its 1,596 s/f lease on the 18th floor for five years. Braus and Someck represented the tenant, a documentary production company, and the owner in this transaction.



Fashion designer Bibhu Mohapatra is taking new studio space at 212 West 35th street. Bibhu’s firm recently celebrated its ten-year anniversary and its brand lines have been worn by Michelle Obama. Bibhu Fashions, LLC signed a 1,470 s/f three-year lease in the Garment District builing, Sam Stein of The Kaufman Organization represented the landlord, The Kaufman Organization, while Steven Marvin of Olmstead Properties represented the tenant in the transaction. Constructed in 1924, 212 West 35th Street is a 77,067-square-foot, 16-story brick and steel building in the Garment District with modern, open office spaces. Rent in the transaction was $47 psf.


The Rudin Family announced that two tenants have signed new leases totaling 16,247 s/f at 55 Broad Street, its 30-story, 425,000 s/foffice tower in Lower Manhattan.


• Architectural services firm Curtis + Ginsberg Architects LLP signed a 10-year, 10,307 s/flease covering a portion of the building’s 8th floor. The firm, which specializes in sustainable design, expects to relocate from 299 Broadway in Tribeca to 55 Broad Street by the end of 2019. Curtis + Ginsberg Architects was represented by Ruth Colp-Haber of Wharton Property Advisors, Inc., Building ownership was represented by Kevin Daly at Rudin Management Company.

• Online gambling operator Unibet Interactive, Inc., will occupy 5,940 s/f of office space as its its first permanent office in the United States. Unibet Interactive was represented by Michael Baraldi and Lexie Perticone of Cushman & Wakefield. Building ownership was represented by Kevin Daly at Rudin Management Company.



Walter & Samuels, Inc. announced that architecture firm GF55 Partners has leased the entire 9th floor, comprising of 8,000 s/f at 225 West 39th Street between Seventh and Eighth Avenues. GF55 Partners will relocate from its current location at 19 West 21st Street. The owner, an investment group headed by David I. Berley, was represented in-house by Tony Builder and Mark Davis on the 10-year lease. Asking rents at the building $52 psf. The 12-story building is also home to Lighthouse Films, Diaz Architects and WeWork, which leased two floors late last year for HQ by WeWork.



Savitt Partners announced that Vivrelle, the first luxury accessories membership club to offer access to designer handbags, jewelry and diamonds, inked a 2,700 s/f office lease at 118 East 28th Street. The e-commerce fashion accessories company will house its corporate offices at the property located in the Nomad neighborhood. Elliot Zelinger, a Senior Managing Director with Savitt Partners, negotiated the long term lease on behalf of Vivrelle. The building ownership, Harvard Agency Company Inc., was represented in house by Matthew Kiamie. The asking rent was $52 psf.


The Carlton Group, Ltd., an international real estate investment banking firm, has signed a new long-term, 6,000 s/f office lease at 360 Madison Avenue in Midtown. Located at East 45th Street, 360 Madison Avenue is a 26-story, recently renovated Class A office building. The Carlton Group was represented by Peter Goldich and William Carr, of ATCO Brokerage Services, in the transaction. Ed Goldman and Jared London,of CBRE, represented the landlord, Stawski Partners.


NAI Long Island announced the following leases:


• Carmine Inserra, principal, and Paul Schneider, senior director, represented the sub-tenant in the lease of 2,000 s/f of office space at 120-34 Queens Boulevard in Kew Gardens, New York. The sub-tenant, EAC, Inc., leased the space from Sub-landlord, ACMH, who was represented by Carri Lyons of Cushman & Wakefield.

• Carmine Inserra and Paul Schneider represented the sub-tenant, MGA Systems, in the sublease of 3,023 s/f of office space located at 105 Maxess Road in Melville, New York. The sub-landlord, Good Egg, was represented by Darren Leiderman and Maria Valanzano in this transaction.


Rechler Equity Partners announced the signing of a long-term lease at the first of 13 micro-units at 215 Roger’s Way in the Hampton Business District. Technical Glazing Solutions, a high-end designer and installer of custom-made windows, will be moving into more than 2,000 s/f of the business park’s third completed building. Niko Khetaguri of Alliance Real Estate Corp. represented Technical Glazing Solutions in the transaction.


Cushman & Wakefield announced the following leases:


• Healthy fast-casual dining chain Poke Bros. is expanding its regional presence with the opening of its first New Jersey restaurant at The Plaza at Harmon Meadow, 700 Plaza Drive in Secaucus. David Townes and Alana Friedman, retail specialists in Cushman & Wakefield’s East Rutherford, N.J. office served as tenant broker in the 1,400 s/f lease transaction. Curtis Nassau and Jake Frantzman of RIPCO Real Estate represented the landlord.

Cushman & Wakefield has arranged two leases totaling 4,800 square feet in Short Hills, N.J.

• The first transaction involved a 2,800-square-foot commitment by boutique fitness chain Blast Fitness for its first New Jersey location at The Plaza at Short Hills, situated at Morris Turnpike and Broad Street. Retail leasing specialists David Towne represented the tenant and worked directly with the owner.

• The firm arranged a 2,000-square-foot lease for C2 Education – one of the country’s premier networks of subject tutoring and tutoring for standardized achievement tests – at 750 Morris Turnpike. Retail leasing specialists David Townes and Alana Friedman represented the landlord. Gary Krauss of Pierson Commercial Real Estate served as tenant broker

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando