Bisnow: The Deal Sheet

By Bisnow on November 19, 2013.
LEASING

Jones Day (repped by Studley's Mitch Steir, Matt Barlow, and David Goldstein) leased 330k SF for 20 years in Brookfield Office's 250 Vesey St in Brookfield Place. Bank of America/Merrill Lynch's lease on the space expired in October.

Virginia Dare is going for an even 100 years. After 90 years in Sunset Park's Industry City, It just extended its 150k SF there for another 10 years. And Williams-Sonoma expanded its photography and catalogue production facility there from 24k SF to 36k.

Bain & Co is relocating from 3 Times Square to 96k SF in Brookfield's Grace Building at 1114 Ave of the Americas, according to CompStak, which reports that the rent will start in the mid-$90s/SF and increase to more than $100/SF over the 15-year term.

Infor (repped by C&W's Bruce Mosler, Mark Mandell, Doron Etzioni, and Ethan Silverstein) expanded by 49k SF to 92k in SL Green's 635-641 Ave of the Americas. JLL's Paul Glickman, Diana Biasotti, Benjamin Bass, and Jonathan Fanuzzi repped SL Green.

In New Jersey, Mack-Cali's Toni Casiano renewed AT&T (repped by C&W's Marc Rosenberg) for 275k SF in Piscataway's 30 Knightsbridge Rd and DSV Air & Sea for 38k SF at Clark's 100 Walnut Ave and signed SS&C Technologies (repped by Colliers' John Cunningham) to 19k SF at Cranford's 11 Commerce Dr. Richard Travaglini leased 28k SF in Basking Ridge's 233 Mount Airy Rd to New Jersey Property-Liability Insurance Guaranty Association, repped by Studley's Jack Feeney. Thomas Savoca leased 28k SF to Cervalis (repped by Garibaldi Group's Jim Garibaldi and Mike Witko and Howard Properties' Howard Greenberg) at 29 Commerce Way in Totowa. Richard Eyre leased 25k SF to United Water Management & Services repped by NAI James E. Hanson's Andrew Somple. Christopher De Lorenzo signed S2 (repped by C&W's David Sherman, Marc Trevisan, Mark Zazinski, and Slava Vaynberg) to 24k SF at Upper Saddle River's 10 Mountainview Rd. And Perrigo Co, repped by Studley's Tom Carragher and Chris Koeck, took 14k SF at Parsippany's 8 Campus Dr.

Continental Grain Co, repped by NGKF's Moshe Sukenik and Eric Zemachson, will sublease 38k SF in the GM Building from General Motors and then enter a long-term lease with owner Boston Properties, repped internally by Andrew Levin. JLL's Peter Riguardi, Lloyd Desatnick, and Michael Shenot repped GM. Continental Grain will relocate in Q4 '14.

Axinn Veltrop & Harkrider (repped by NGKF's Gary Linder, Mark Weiss, and Rob Eisenberg) renewed 36k SF in Durst's 114 W 47th St between Sixth and Seventh. Tom Bow and Rocco Romeo repped Durst internally.

Cirker's Brooklyn leased 35k SF in the former Winchester Fine Arts Building at 106 Bayard St. Kalmon Dolgin Affiliates' Fred Rufrano repped both sides. * BBB Industries committed to 34k SF at Rechler Equity Partners' 1101 Lakeland Ave in Bohemia, NY, relocating from 42 Windsor Ave in Central Islip on Dec. 1, 2013. Ted Trias repped the landlord internally.

Leerink Swan will sublease 29k SF space from UBS at 99 Park for four years for $60/SF, according to CompStak.

Federated Investors, repped by Avison Young's Greg Kraut and Brad Totten, leased 26k SF in H.J. Kalikow & Co's 101 Park Ave. C&W's John Cefaly and Clark Finney repped the landlord. Avison Young's Edward Walsh and Kirsten Beck will oversee design and construction, to deliver December 2014.

Ross Dress for Less has signed for 23k SF at Advance Realty's Windsor Center at 440 Route 130 S in East Windsor, NJ, and will take occupancy in the second half of 2014. CBRE's Jay Miller and John Krause repped Advance, and CBRE's Jonathan Rome repped the tenant.

Prada renewed 21k SF (16k SF of retail and 5,000 SF of office) in SL Green Realty and Jeff Sutton's 724 Fifth Ave through 2028. The lease was scheduled to expire in 2017.

Univision Communications, repped by CBRE's Carl Eriksen, expanded by 19k SF to 195k through 2028 in Fisher Brothers' 605 Third Ave. Marc Packman repped the landlord internally.

Kynikos Associates extended and expanded to 20k SF in Skyline Developers' 20 W 55th St for 10 years. NGKF's Billy Cohen, Ryan Kass, and Andrew Weisz repped both landlord and tenant.

Fresenius Medical Care North America leased 17k SF in Simone Healthcare Development Group's Metro Center Atrium at the Hutchinson Metro Center campus in the Bronx's Pelham Bay.

Tourneau (repped by Studley's Jeffrey Peck, Daniel Horowitz, and Brad Wolk) leased 16k SF at 663 Fifth Ave at 52nd Street and will relocate its HQ from 3 E 54th St. C&W's Barry Zeller repped the landlord, Sator Realty.

TechSpace is expanding to 16k SF in 18 W 18th St, paying in the high-$50s/SF, according to CompStak.

Mack Cali's Carol McGuire renewed JPMorgan Chase, repped by C&W's Gerald Lees, for 16k SF at White Plains' 11 Martine Ave. Ivan Abry put Micromold Products (repped by Howard Properties' Howard Greenberg) in 13k SF at 7 Odell Plaza in Yonkers and renewed ADT (repped by CBRE's Paul Jacobs) for 11k SF renewal in Elmsford's 125 Clearbrook Rd.

Mundi Westport Group, repped by Cassidy Turley's Joe Grottto Jr., renewed 16k SF in 183 Madison Ave for 10 years. The landlord, also owner of the Lipstick Building, was repped by C&W's Harry Blair, Sean Kearns, and Myles Fennon and Herald Square Properties.

Loyalkaspar signed 15k SF in Savanna's 80 Broad St for 10 years. NGKF's Hal Stein, Adam Leshowitz, and Todd Stracci repped the landlord, Savanna, and C&W's Owen Hanes and Marc Nevins repped the tenant in this transaction.

Levin Management signed Retro Fitness to 14k SF in West Orange Plaza in New Jersey. Levin's Michael Cohen worked on the deal, and Katz & Associates' Hugh Scullin repped the gym.

William F. Connors Agency arranged Samson Moving and Storage's lease of 15k SF of warehouse space at Elizabeth, NJ's 1111 Jefferson St.

Grace's Marketplace signed for 13k SF in Rudin's 215 E 68th St for 15 years and will relocate from 7,000 SF in 1237 Third Ave next summer. Rudin's Michael Rudin and Winick's Michael Gleicher repped Rudin, and Manhattes Group's David Kevelson repped the tenant.

FreshPlanet, repped by Savitt Partners' Hector Rodriguez and Elliot Zelinger, leased 13k SF of office at 19 W 34th, relocating from 311 W 43rd. PRD Realty's Scott Domansky repped the landlord.

Crossix Solutions, repped by Savitt Partners' Marc Schoen and Brian Neugeboren, expanded from 7,000 SF to 12k SF in 1001 Ave of the Americas. ABS Partners' Jay Casely and Doug Regal repped the landlord. * HookLogic will sublease 12k SF in 99 Hudson St from BGB New York for four years in the low-$50s/SF, according to CompStak. BGB is paying in the mid $40s.

Animated Storyboards, repped by C&W's Melissa Bazar and Jodi Roberts, leased 10k SF in ABS Partners' 1001 Ave of the Americas between 37th and 38th streets, relocating from 1995 Broadway.

World of Beer (500 craft beers from 47 countries) is coming to NY with 4,500 SF in Artimus Development's Chelsea Park residential building at Eighth & 26th. Winick Realty Group's Diana Boutross repped the tenant. Her colleague Alexander Hill repped Artimus.

Regina Glick

Read more posts by this author.

Subscribe to CompStak Press

Get the latest posts delivered right to your inbox.

or subscribe via RSS with Feedly!