Real Estate Weekly
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LEASES: NTWRK Agency; Shake Shack; Eagle Advisors; Earth Networks and more

Adams & Co. Real Estate, LLC, brokered a handful of deals at the contemporary fashion showroom building, located at West 39th Street. James Buslik, principal, and Jeff Buslikrepresented the tenant and landlord:


• A 3,600 S/F renewal and expansion for The NTWRK Agency.The tenant was represented by Maxwelle NY and asking rent was $45 psf.
• A 1,640 s/f renewal for Kabir SM Holdings Inc. Asking rent was $45 psf.
• A 1,354 s/f new lease for Amanda Uprichard LLC. Amanda Uprichard plans to use the space as office and showroom spaces for their contemporary apparel company.
• A 1,039 s/f renewal for Kendra Scott Design, Inc.
• A 1,002 s/f new lease for Traveler’s Choice Travelware.
• A 900 s/f new lease for Denesh, LLC. Adams & Co. represented the landlord in the transaction, while Maxwelle NY represented the tenant.
• A 900 s/f new lease for Babtech, Inc. which plans to use the space as office and showroom spaces for their contemporary apparel company.
• A 900 s/f renewal for J.T. Design Studio Inc. Asking rent was $45 psf.
• An 842 s/f renewal for Chapter One Sportswear, Inc.
Tataway, LLC, a tattoo removal services provider, has inked its first New York City lease at ATCO Properties & Management’s 381 Park Avenue South. The firm signed a four-year, 913 s/f lease for a portion of the 7th floor in the 17-story art deco property. Kate Goodman, co-president of ATCO, made the announcement. John Cinosky, president of ATCO Brokerage Services, represented the landlord in the transaction, and Scott Bloom, and Susann L. Eaton of Bloom Real Estate Group represented the tenant. Asking rents in the building are $55 psf.
EVO Real Estate Group has brokered Shake Shack’s office expansion and five other commercial office leases, announced Dana Moskowitz, president of EVO:
• Shake Shack Enterprises, which is headquartered at 24-32 Union Square East, expanded to a full floor of 10,660 s/f. Mitchell Cooperstock of EVO represented both the tenant and the landlord.
Howard Epstein and Elliott Klein represented the landlord in BFI Construction Corp.’s lease of 2,526 s/f at 16 West 36th Street. John Brierty of Newmark Grubb Knight Frankrepresented the tenant.


Arnold Gamberg, Carlo Catuogno and Jared Anderson represented the landlord in a lease by The Dock Group, a fashion designer, of 2,500 s/f at 15 West 26th Street. The tenant’s broker was Catherine Kuo of CBRE.
Howard Epstein represented both the landlord and tenant in textile company Copen United LLC’s renewal and expansion at 37 West 39th Street, where it now occupies 2,000 s/f.
Howard Epstein and Elliott Klein represented both the landlord and tenant of the jewelry showroom Susan & Company’s renewal of 3,269 s/f at 16 West 36th Street.
Barry Bernstein and Howard Epstein represented both the landlord and tenant in Euro Pacific Precious Metals, LLC’s renewal of its 1,810 s/f space at 152 Madison Avenue.

Monday Properties and Invesco announced the closing of six separate lease transactions at its iconic 230 Park Avenue office tower. Jordan Berger, director of leasing at Monday Properties, represented the landlord along with co-agent Jones Lang LaSalle — Paul Glickman, Frank Doyle, Jonathan Fanuzzi and David Kleiner:
• Eagle Advisors, LLC, a financial services firm, signed an extension of its 4,466 s/f lease on the fifth floor. The firm, which has been a tenant at 230 Park Avenue since 2003, was represented by Gary Kamenetsky of CBRE.
• The Thompson Family Foundation, a private charitable organization, signed an extension of its 2,941 s/f lease on the 15th floor. Their lease extension was negotiated directly with Monday Properties.
• Sageworks, Inc., a financial services data provider, signed a new lease for 2,687 s/f of pre-built office space on the fourth floor. The tenant was represented by Michael Leff and Stephen DeFlorio of Avison Young.
• Earth Networks, a newtech weather forecaster, signed an extension of its 3,998 s/f lease on the ninth floor. The tenant negotiated directly.
• In a 7-year lease transaction, Comerica Incorporated expanded by 7,286 s/f on the sixth floor. The tenant now occupies 13,158 s/f at 230 Park Avenue. The deal comes on the heels of the 2,000 s/f expansion they signed in the summer of 2013. The tenant negotiated directly.
• Starbucks renewed for 10 years its retail lease for 940 s/f on the Ground Floor of 230 Park Avenue on East 45th Street between Vanderbilt and Lexington Avenues. David Firestein of The Shopping Center Group represented the tenant.


The New York CPEX Retail Leasing Team announced the lease agreement of 2,250 s/f at 365 Knickerbocker Avenue in Brooklyn. Ryan Condren and Kristina Triglia and George Danut represented the landlord. Marc Leber of Newmark Grubb Knight Frank Retail represented the incoming tenant, Petland Discounts.

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