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Deals & Dealmakers

LEASES: Roundup of leases under 10,000 s/f

ATCO Properties & Management announced that two tenants have leased office suites at 381 Park Avenue South, a boutique class A property situated in the thriving Midtown South office district. Asking rents were $65 per square foot. William Carr, Managing Director at ATCO Brokerage Services, represented the landlord in both transactions:
• Full-service technology public relations and communications firm Breakaway Communications, Inc., signed a five-year, 2,668 s/f lease on a portion of the 12th floor. Sarah Pontius and Alex D’Amario of CBRE represented Breakaway Communications, Inc.,
• Startup Ticketchain, LLC, signed a two-year, 1,279 s/f lease on a portion of the 11th floor. John Walker of ATCO Brokerage Services represented Ticketchain.
The CPEX Real Estate Office Sales & Leasing Team has completed a lease agreement for local fitness group South Brooklyn Weightlifting Club (SBWC) to relocate to a larger space on Douglass Street in the Gowanus. SBWC, a locally-owned black iron gym, will occupy a total of 5,000 s/f in a sub-lease of the ground floor at 267 Douglass Street. They are relocating to a larger space in the 20,000 s/f elevator building between 3rd Avenue and Nevins Street, near their previous 3,000 s/f location at 300 Douglass Street. CPEX’s Office Sales & Leasing Team, led by Managing Director Rich Novak and Associate Director Gina Damond, represented the sub-landlord and procured the new tenant in the transaction.


Midwood Investment & Development has announced that BESTSELLER Wholesale U.S., a subsidiary of the international, family-owned fashion company BESTSELLER, has signed a lease for the fourth floor of 96 Spring Street. Randy Abend and Clark Finney of JLL represented ownership in the transaction at 96 Spring Street, while Joe Mastromonaco and Fritz Kemerling of The Dartmouth Company represented the tenant. The asking rent was $85 per square foot. Built in 1896, 96 Spring Street offers six full-floor office suites that total just over 44,000 square feet of rentable area in addition to 10,000 square feet of retail on floors one and two.
The William Kaufman Organization (WKO) announced that it has signed six leases totaling approximately 14,948 s/f at 747 Third Avenue. The leases included the following:
• Private investment firm Long Point Capital, Inc., which signed a 3,929 square-foot renewal on a portion of the 22nd floor;
Beverage company Russian Standard Vodka, Inc., which signed a 3,850 square-foot lease on a portion of the 30th floor;
Independent global alternatives investment manager Tri Span USA LLC, which signed a new, 2,105 square-foot lease on a portion of the 22nd floor;
• Isomer Partners LP, an existing subtenant which signed a new, direct 1,837 square-foot lease on a portion of the 26th floor;
Accountant Joseph Moshkovsky, which renewed 1,740 square feet on a portion of the 4th floor; and
Accountant Melvin Ginsberg, which renewed 1,487 square feet on a portion of the third floor.
Michael Lenchner, Vice President & Director of Leasing of Sage Realty Corporation, the leasing and management division of WKO, along with a Jones Lang LaSalle leasing team of Frank Doyle, Cynthia Wasserberger, David Kleiner, Harlan Webster and Hayley Shoener represented ownership in-house in all six transactions. Bill Levitsky and Daniel Madison of Newmark Knight Frank represented Isomer Partners LP, and Kirill Azovtsev of JLL represented Russian Standard Vodka. Robert Baraf of Cushman & Wakefield represented Melvin Ginsberg. Michael Lenchner dealt directly with Tri Span USA, Long Point Capital, and Joseph Moshkovsky.
Kalmon Dolgin Affiliates (KDA) has arranged a new, 5,000 s/f full-building lease for Magick Blyss Entertainment in its relocation to 101 Morgan Avenue in the East Williamsburg section of Brooklyn, NY. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, made the announcement. Robert Klein of KDA represented Magick Blyss in its


relocation, while Grant Dolgin, also of KDA represented the landlord Wilmington Property Associates LLC in the deal. The entertainment company will use the brand new 5,000 s/f two-story building as a dance and recording studio. The building features a 2,500 s/f basement, in addition to the 5,000 s/f across two stories. The entertainment and production company relocated to 101 Morgan Avenue from a 5,000 s/f space at Mount Pisgah Baptist Church in Bedford-Stuyvesant, Brooklyn, where Blyss occupied three dance studios and ran DBold Records, a recording label. The church was sold to a developer and Magick Blyss needed a new home. Magick Blyss Entertainment was founded by CEO Kevin Huente of So You Think You Can Dance fame.
Milvado Property Group announced a 21,000 s/f lease with JB Prince, one of the world’s top purveyors of professional culinary equipment, for space at 79 Express Street in Plainview, NY. JoAnn Stock, Director of Leasing, made the announcement. 79 Express Street is a 72,000 s/f industrial manufacturing multi-tenant building that sits on 4.7 acres and is in close proximity to the Long Island Expressway, one mile East 46S. JB Prince was represented by Tom DiMicelli of JLL and Milvado was represented by David Hercman in-house.
Paul Schneider, Senior Director, and Carmine Inserra, Principal, of NAI Long Island, represented both the landlord, 527 Townline Rd. LLC, and the tenant, Valu Care Inc., in the lease of a 1,750 s/f office space in 527 Townline Road in Hauppauge, New York.
Three companies committed to Space 530, a full-service private office space and co-working environment operated by Savitt at 530 Seventh Avenue.:
• Phiflow, an AI-driven company disrupting how healthcare organizations manage data-sharing relationships, committed to office space to house its New York City team.
• SME Branding, a Learfield Company, is one of Space 530’s newest residents and is considered the most trusted strategic brand development and engagement firm in the world. SME serves the sports entertainment and higher education industries.
• TrustX and parent company Digital Content Next, each committed to office space for their New York headquarters. Digital Content Next is a non-profit trade organization that develops research, holds informational events and provides policy guidance for the digital content industry. TrustX – a subsidiary of DCN and a public benefit corporation (B Corp) – is a cooperative, private marketplace singularly focused on rebuilding trust and transparency in programmatic advertising.
TerraCRG announced the completion of an 8,000 s/f office lease at 53 Bridge Street in the DUMBO neighborhood of Brooklyn. The tenant is DATALOT, a provider of technology solutions for the insurance industry, who has signed on for a five-year lease. Chris Havens, Managing Director of Office Leasing, represented the tenant in this transaction. 53 Bridge Realty owns the building and represented themselves throughout the transaction. The newly renovated building boasts a high-end combination of brick, tile and steel. The asking rent was $45 per rentable square foot.

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