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THE DEAL SHEET

WASHINGTON DC 04.18.2017

FUTURE OF LOUDOUN COUNTY<BR>AND COCKTAIL SCHMOOZE!

Exclusive Bisnow Reception to Follow Panels

Chris Clemente -- Comstock Partners
Minh Le -- Gramercy District
Brian Cullen -- Keane Enterprises

Sales Transcations

Praxis Housing Initiatives purchased a 20k-SF former parking lot at 4339 White Plains Rd. in the Bronx for $1.3M. The seller of the property, 4339 White Plains Associates, is associated with sneaker and clothing retailer VIM. NAI Friedland’s Rick Stassa brokered the deal.

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NAI Friedland’s Carl Silbergleit and Ellen Benedek completed the sale of a 5k-SF space at 277 Tarrytown Rd. in Elmsford, NY, representing both seller CIT Small Business Lending Corp. and buyer Alfred C. Laub, and the sale of 10k-SF space at 374 Windsor Hwy. in Vails Gate, NY, where they consulted purchaser Tutor Time. The seller was Capital Business Solutions.

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Total Home Technologies purchased a 2.8k-SF retail space at 183 Eagle Rock Rd. in Roseland, NJ from Wachovia Bank. NAI James E. Hanson’s Joan Cenicola represented the seller.

Lease Transactions

Sudler Corporate Park in North Brunswick, NJ saw two deals from Capacity LLC: a long-term 125k-SF renewal at 1112 Corporate Rd. and a new long-term 140k-SF lease at 1101 Corporate Rd. CB Richard Ellis’ John Maloney Jr. represented the tenant, while Steven Spinweber represented owner The Sudler Cos. in-house.

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Par Pharmaceutical signed a five-year, 59.5k-SF renewal at 300 Tice Blvd. in Woodcliff Lake, NJ. CresaPartners’ James Scancarella, Larry Leib, and Robert Rencarge represented the tenant. The landlord is Mack-Cali.

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Sagent Advisors inked a 10-year, 44.4k-SF expansion at 299 Park Ave. Newmark Knight Frank’s Dennis Karr, Neil Goldmacher, and Brian Goldman represented the tenant. The transaction involved a sublease from UBS, represented by CB Richard Ellis, and an extension of terms from owner Fisher-Park Lane.

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61 Broadway saw 40k SF worth of transactions: Furman, Kornfeld & Brennan’s new 18.2k-SF lease; HCL America’s 4k-SF renewal;Sigma-HR’s 3.7k-SF lease; Mongoose Atlantic’s 3.6k-SF renewal;RCWH’s 2.8k-SF renewal; Samuel A. Ramirez & Co.’s 2.4k-SF expansion; Gruvman, Giordano & Glaws’ 1.9k-SF renewal,Professional Staffing Congress/CUNY’s 1.8k-SF expansion, and Moneybookers USA’s 1.4k-SF lease. Broad Street Development is the owner.

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Shiseido Americas Corp. renewed its 35k-SF lease at 900 Third Ave. Studley’s John Mambrino and Nicholas Farmakis represented the tenant, while James VanderVliet represented owner Paramount Group in-house.

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Two Sigma Investments renewed its 32.2k-SF lease at 379 Broadway. Owner SL Green was represented in-house by Larry Swiger and Elaine Anazagasty.

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NAI Friedland’s industrial division completed two leases: Mid-Hudson Moving & Storage’s two-year, 29k-SF lease at 500 Beach Rd. in Haverstraw, NY (tenant broker: Alan Zucco; landlord broker; Teger Commercial’s Lynn Teger on behalf of Kennedy Family); and Empire Collision’s five-year, 3.2k-SF lease at 1501 Bassett Ave. in the Bronx (broker: Steve Kornspun).

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Copper Ridge Center at 9 Polito Drive in Lyndhurst, NJ saw two deals: Salov North America’s seven-year, 9.5k-SF lease in a relocation from Hackensack, and Verint Systems’ lease extension for 11.4k SF. JH Cohn’s Jim Glennon and Steve Pavon represented Savlon, while Jones Lang LaSalle’s Charlie Dillon represented Verint. Newmark Knight Frank’s Tim Greiner, Peter Rossi, Kevin Murphy, and Michael Marchese represented owner Piedmont Office Realty Trust.

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NAI Friedland’s retail division completed six transactions:

  • Walgreens’ 20-year, 7.5k-SF lease at 1800 Williamsbridge Rd. in the Bronx (tenant brokers: Robin Herko, Steve Lorenzo, David Scotto; developer consultant: Kathy Zamechansky; landlord broker: Colliers International’s Craig Evans)
  • Lola’s 10-year, 4k-SF lease on Junction Blvd. in Jackson Heights, Queens (tenant broker: Rick Stassa; landlord broker: Kalmon Dolgin’s Bob Klein)
  • Fresh Farm Food Corp.’s 15-year, 2.4k-SF lease at 2250 E. Tremont Ave. in the Bronx (brokers: Herko, Lorenzo, and Scotto; landlord: Parkchester Condos)
  • La Esperanza Furniture’s 10-year, 1.9k-SF lease at 565 W. 181 St. (broker: Stassa; landlord: Sharon Properties)
  • Slevin’s five-year, 1.5k-SF lease at 466 Ashford Ave. in Ardsley, NY (broker: Joan Simon; landlord: GAN Realty Associates)
  • Retail Artists Gallery Co-op’s 1.5k-SF lease at 4 West Cross St. in Croton Falls, NY (broker: Simon; landlord:Forum Capital Partners)

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Frozen Ropes inked a long-term, 15k-SF lease at 31 Park Rd. in Tinton Falls, NJ. Weichert’s Mark Fowler represented the tenant, while Jeffrey Hale represented owner The Sudler Cos. in-house.

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55 Broadway saw two deals: Dolan Media Co.’s 10.4k-SF renewal and expansion, and FedEx Office and Print Service’s 2k-SF retail lease. Broad Street Development is the owner.

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Adams & Co. brokered nine deals:

  • Perry & Joseph’s seven-year, 2.1k-SF lease at 55 W. 39th St. (tenant broker: Adams’ Joseph Friedman; landlord broker: Sinovsky Realty’s Alan Sinovsky)
  • Seneca Design Co.’s five-year, 2k-SF lease at 247 W. 30th St. (tenant broker: Adams’ Nicholas Zagar; landlord broker: Katz Properties’ Philip Katz)
  • Siddion Engineering’s five-year, 1.8k-SF lease at 42 W. 38th St. (broker: Friedman)
  • Yoka Showroom’s five-year, 1.6k-SF lease at 34 W. 33rd St. (brokers: David Levy and Brett Maslin)
  • Image Fashion’s five-year, 1.7k-SF renewal and expansion at 10 W. 33rd St. (broker: Levy)
  • JSP Interiors’ five-year, 1.5k-SF renewal at 411 Fifth Ave. (broker: Levy)
  • Medike Branding Solutions’ three year, 1k-SF lease at 213 W. 35th St. (tenant broker: Zagar; landlord broker: Justin Management’s Sam Stein)
  • Spitz and Peck Florists’ five-year, 895-SF lease at 16 W. 36th St. (landlord broker: Adams’ Michael Greenberg; tenant broker: NYC Connections)
  • Renaissance Apparel’s five-year, 835-SF lease at 485 Seventh Ave. (tenant broker: Maslin; landlord broker: Intrepid Real Estate Group’s David Menaged)

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Human Resource Management d/b/a/ The Capstone Partnership renewed its 11k-SF lease for 10 years at 100 Park Avenue. Hunter Realty Group’s Peter Sabesan represented the tenant, while Christopher Gulden represented owner SL Green in-house.

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Superior Office Systems signed an 11k-SF lease at 49 W. 37th St., planning to relocate from its 240 W. 35th St. operations. Savitt Partners’ Marc Schoen and Brian Neugeboren represented the tenant, while Jeff Smith represented owner Samco Properties.

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Faunus Group International expanded to 10.5k-SF at 80 Broad St. FirstService Williams’ Steve Jaray, Sheena Gohil, and Jamie Drummond represented the tenant, while Todd Korren represented owner Swig Equities in-house.

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90 Broad Street saw four transactions, brokered by Todd Korren in-house for owner Swig Equities: The Flomenhaft Law Firm’s seven-year, 4k-SF lease; Blue World’s 3.2k-SF renewal; Veris Wealth Partners’ renewal and expansion to 2.9k-SF (tenant broker: Jones Lang LaSalle’s Robert Corby); and MidVentures’ five-year extension (tenant brokers: Grubb & Ellis’ Richard Rosenthal and Jerry Bloomstrand).

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Ideal Properties Group completed four Brooklyn leases totaling 9k SF, representing the landlord and tenants in each deal: Vega Enterprises’ five-year, 4k-SF warehouse lease at 22 Waverly Ave. in Clinton Hill (broker: Robert Caccomo); Euridice’s Mix and Match’s two-year, 800-SF retail lease at 958 Atlantic Ave. in Crown Heights(broker: Caccomo); Textile Arts Center’s 3.2k-SF lease at 505 Carroll St. in Boerum Hill (broker: Jennifer Rhodes); and Opal Massage and Allied Therapies’ five-year, 1k-SF lease at 28 Eighth Ave. in Park Slope (broker: Justin Dower).

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EnTrust Capital signed a five-year, 5.9k-SF lease at 126 E. 56th St. Both Studley and Newmark Knight Frank represented the tenant, while FirstService Williams’ Harry Blair and Sean Kearns represented owner Transwestern.

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Five Guys Burgers & Fries opened a 2.2k-SF restaurant at Merrick Commons Shopping Center, 2099 Merrick Rd. in Merrick, Long Island. CB Richard Ellis’ Gregg Carlin and Peter Spanos represented owner Jack Biondo of Plaza Realty.

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Child Abuse Prevention Program signed a 2k-SF renewal at 5 Hanover Square. Owner Swig Equities was represented in-house by Todd Korren.

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TPLP Triumph Production inked a long-term, 4.3k-SF lease at 555 Fifth Ave., subleasing the space from a law firm. Winoker Realty’s Marc Miller represented the tenant, while John Lord represented owner Atco Properties in-house.

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110 W. 40th St. saw two deals: Integrate New York’s three-year,814-SF deal and Think Big Buy’s three-year, 342-SF lease. Adams & Co.’s David Levy and Michael Greenberg represented both the tenant and landlord in the transaction.

Construction & Development

The Hampshire Cos. broker ground at CENTRA, a new business park located at 186 Wood Avenue South in Woodbridge, NJ. It plans to redevelop the site in phases, which includes taking the existing building of 98.5k-SF and renovating and expanding it by 8k SF. The site also provides capacity to build up to 640k SF, which the firm will develop over time. The first phase will be completed later this year, and is slated for LEED certification. Partners include Kohn Pedersen Fox, Tishman Construction, and Cushman & Wakefield’s Robert Rudin, Edward Duenas, Jeremy Neuer, and Joseph Sarno as leasing agents.

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Construction is complete at the new 50k-SF MALO CLINIC facility at 201 Route 17 North in Rutherford, NJ. The building houses medical offices, an ambulatory surgery center, and an advanced oral rehabilitation center. The team included Sweetwater Construction Corp. and Posen Architects.

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Sentinel Data Centers and Russo Development began construction to build out a recently acquired property in Somerset County, NJ into a large multi-tenant data center. The facility resides on 22.5 acres and consists of a 230k-SF single-story structure, expandable to 330k SF. The construction includes a dedicated on-site power substation for delivery in mid-summer. The facility will ultimately yield 160k-SF of net computer room space. (Note: due to location sensitivity in this sector, addresses are many times not divulged).

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Aragon Construction began gut renovation and construction on Pine Brook Road Partner’s new 17k-SF office at One Grand Central Place. The tenant will move into the new state-of-the-art space, which will include 25 private offices, after completion in April. The team includes architect Watson & Associates, and the landlord is W&H Properties.

Exec Moves

CB Richard Ellis Group promoted Gil Borok to CFO, taking over responsibilities from Bob Sulentic, who will continue as the company’s president. He’s been part of the corporate finance group for nearly eight years, joining in ’02 and most recently service as Chief Accounting Officer and CFO of its Americas operation.

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Cushman & Wakefield promoted Marc Rosenberg to vice chairman, based out of the firm’s Morristown, NJ office. He continually ranks among the top 20 producing office brokers globally, with clients like AT&T, MONY, and Cadbury Schweppes. He holds both bachelor’s and master’s degrees in finance.

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Frank Edwards joined FirstService Williams as executive managing director of the firm’s project management service group, where he will lead the division and be responsible for managing and coordinating all aspects of project management and strategic planning in the Tri-State. He was previously with Studley, and also held positions at Goldman Sachs and Salomon Brothers.

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FirstService Williams promoted four in its NJ office: Bryn Cinque to executive managing director, specializing in law firm and strategic planning and solutions for corporate clients like PSE&G; Jamie Drummond to senior managing director, specializing in the disposition and acquisition of commercial properties; Leslie Meril to managing director, focusing on office leasing and sales; and Jason Imperial to director, specializing in life science and biotech clients.

Related Topics: JLL, Broad Street, Boerum Hill, Clinton Hill, Ideal Properties Group, Piedmont Office Realty Trust, Crown Heights, FedEx, Broad Street Development, Neil Goldmacher, Paramount Group, Winoker Realty, Kalmon Dolgin Affiliates, Swig Equities, Todd Korren, Tishman Construction, Brett Maslin, One Grand Central Place, Robin Herko, David Scotto, Hanover Square, Steve Lorenzo, Park Lane, Harry Blair, Rick Stassa, Sean Kearns, Joseph Friedman, Russo Development, Five Guys, Carl Silbergleit, Jeff Smith, 5 Hanover Square, Ellen Benedek, Brian Neugeboren, Steve Kornspun, Larry Swiger, Jamie Drummond, Michael Greenberg, Peter Sabesan, Kathy Zamechansky, Jackson Heights, Bryn Cinque, Wachovia Bank, Joan Simon, Jeremy Neuer, Justin Dower, Robert Rudin, Aragon Construction, John Mambrino, Samco Properties, Leslie Meril, Marc Rosenberg, James Scancarella, JH Cohn, Elaine Anazagasty, North Brunswick, Nicholas Farmakis, David Menaged, Somerset County, Joseph Sarno, Craig Evans, Marc Miller, Christopher Gulden, Katz Properties, Nicholas Zagar, Sentinel Data Centers, Michael Marchese, Joan Cenicola, Tim Greiner, Sweetwater Construction Corp, Salomon Brothers, Woodcliff Lake, Edward Duenas, Brian Goldman, Alan Zucco, Tinton Falls, Human Resource Management, Gregg Carlin, John Lord, Two Sigma Investments, Verint Systems, Mark Fowler, Owner Swig Equities, Robert Caccomo, Bob Sulentic, Plaza Realty, Shiseido Americas Corp, Steve Jaray, Intrepid Real Estate, Bob Klein, EnTrust Capital, Alan Sinovsky, Frank Edwards, The Sudler Cos, Peter Rossi, Kevin Murphy, Philip Katz, NYC Connections, Jennifer Rhodes, Jason Imperial, Hunter Realty Group, Faunus Group International, Sam Stein, Jeffrey Hale, SF Malo Clinic, Richard Rosenthal, Kohn Pederson Fox, ATCO