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THE DEAL SHEET

New York

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Sales Transactions

Stonehenge Partners purchased the 180k SF 555 Sixth Ave. apartment building from St. Vincent Catholic Medical Center for $67.3M. Grubb & Ellis' Vincent Carrega, Neil Helman, Yoav Oelsner, Jon Epstein, and Charles Kingsley brokered the deal. The sale price was significantly higher than the $48M bid extended by a stalking-horse bidder prior to the seller taking the property to market. The elevator building has 178 units and 27.6k SF of commercial space.

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Massey Knakal sold seven properties: two mixed-use properties at 237-239 E. 53rd St., totaling 35 residential units for $12.7M cash (brokers: Clint Olsen and Paul Massey); a corner retail co-op at 222 Park Ave. South for $8.9M cash (brokers: John Ciraulo and Craig Waggner); and 331, 333, 335, and 339 E. 82nd St., totaling 25 residential units for $6.5M cash (brokers: Ciraulo and Thomas Gammino).

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Highcap Group's Laurence Ross sold the 6k SF lot at 10017-10021 Northern Blvd. in Corona, Queens, for $1.5M. It is currently occupied by a used-car dealer, but will allow for development of 18k SF.

Lease Transactions

This deal is nothing to sneeze at. In what is the largest industrial lease on Long Island this year, Global Tissue Group inked a long term, 232k SF lease at 19 Nicholas Dr. in Yaphank, formerly home to Estee Lauder's plant. Ashlind Properties' Richard Cohen and Ashley Cohen repped the tenant, while owner Rechler Equities was repped in-house by Harry Stavro.

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Spider-Man has swung into 135 W. 50th St., where Marvel Entertainment inked a nine-year, 60k SF sublease. Newmark Knight Frank's Robert Silver repped the tenant, while CBRE's Robert Alexander and Christopher Mansfield repped sublessor Alliance Bernstein.

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An educated reader is our best reader, so we'd like to tell you that off-price clothing retailer Syms has taken 34k S F at 530 Fifth Ave., its new flagship location and a joint store with Filene's Basement(tenant rep: The Lasnco Corp.; landlord rep: Winick Realty's Darrell Rubens and Lori Shabtai for The Moinian Group). In other fashion leases, My.Suit inked a 2.3k SF space at 30 Broad St. (tenant rep: Winick's Young Byunn; landlord rep: Winick's Diana Boutross and Rubens for Gotham Holding), while Swedish children's clothing retailer Polarn O. Pyret inked a 1.9k SF sublease at 243 Greenwich Ave. in Greenwich, Conn. (tenant reps: CBRE's Susan Kurland and Jessica Curtis).

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Fantastex d/b/a Elegant Fabrics wove a 25.3k SF renewal at 218 W. 40th St. The Kaufman Org.'s Grant Greenspan repped the tenant, while Savitt Partners' Bob Savitt and Carol Sacks repped owner 218 West 40th Associates. Also in the Fashion District,Artisan House inked a 10-year, 11.7k SF deal at 550 Seventh Ave. Benchmark Properties' Michael Beyda and Abie Cohen repped the tenant, while The Kaufman Org.'s Michael Heaner repped the landlord.

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Three fitness-related leases were signed: Planet Fitness' 15-year, 23k SF lease at 2129 White Plains Rd. in the Bronx (tenant rep: Arch Brokerage's Laurence Roberts and Franchise Realty's Raymond Villafana; landlord rep: Trebach Realty's Sean Trebach); Yoga Sutra NYC's 8k SF lease at 6 E. 39th St. (tenant rep: Winoker Realty's Howard Epstein; landlord rep: Mark Bengualid in-house for EJMB Realty Co.); and SoulCycle's 3k SF lease at 12 E. 18th St. (tenant rep: Robert K. Futterman & Associates' Jonathan Kreiger and iDDC's Peter Bryant; landlord rep: Winick Realty's Michael Gleicher and Adrienne Shea, and Kimia Shadrokh in-house for The Moinian Group).

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Murray Hill Properties brokered five leases: Premier Home Health Care Services' five-year, 10.5k SF lease, RP Brennan General Contractors & Builders' nine-year, 4k SF lease (tenant rep: Intrepid Realty's David Menaged), and GSEA Group's two-year, 2.8k SF lease (tenant rep: The Kaufman Org.'s Daniel Lipton), all at 494 Eighth Ave. (landlord rep: MHP's Jesse Rubens on all three deals, and James Tamborlane and Michael Politi on Premier's); Color By Number 123 Design's five-year, 4.4k SF lease at 307 W. 38th St(tenant rep: MHP's Pamela Title); and Centene's eight-year, 3.1k SF lease at 110 E. 55th St. (landlord reps: MHP's Eric Levy and Brad Siderow).

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291 Broadway saw six deals: Downtown Dance Factory's 10-year, 6.3k SF lease; the NYC Department of Health's five-year, 2.8k SF lease; Natalie Natgun MD's 10-year, 2.5k SF lease; Geyneir & Associates' 10-year, 1.5k SF lease; Kids Rock's 10-year, 1.5k SF lease; and Urban Logic's five-year, 1.5k SF lease. GlenMark Realty's David Gomez and Abe Sutton repped both the tenants and landlord in varying capacities.

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Aviva Investors North America has certainly been busy, signing a 10-year, 17.5k SF restructuring, expansion, and extension at 375 Park Ave., aka the Seagram Building. JLL's Chris Kraus, Eric Reimer, and Mercedes Fernandez repped the tenant, while RFR Realty's Steve Morrows repped owner 375 Park Avenue LP.

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Two leases for Broadway: Raich Ende Malter & Co. inked a long-term, 8k SF expansion at 1375, increasing its total footprint in the building to 20k SF. Colliers International's Perry Mesmer and Marty Meyer led the building's agency leasing team. And Zappata Architects signed a five-year, 8k SF lease at 520. GlenMark Realty's David Gomez repped the tenant, while Goldman Properties' Morris Goldman repped the owner.

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Grais & Ellsworth subleased 15.7k SF at 40 E. 52nd St., owned by Rudin Management Co. UGL Equis' Gregg Espach and Douglas Levine negotiated the deal.

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T.Y. Lin International expanded and renewed its lease to 10.4k SF at 110 William St. for 10 years. CBRE's Brad Gerla and Jeff Sharon repped the tenant, while Todd Korren repped owner Swig Equities in-house. Chickpea also inked a 10-year, 2.5k SF retail lease at the building.

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Good luck, Chuck-Charles Schwab & Co. is tripling its space at One Grand Central Place, relocating to the building's two-level retail space across from Grand Central Terminal. The new space comprises 11k SF, and was taken for a 10-year term. Scopa Real Estate's Paul Spiegel and Cushman & Wakefield's Steve Soutendijk repped the tenant, while Newmark Knight Frank's Amira Yunis repped owner W&H Properties.

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Ming Yang Overseas Trading signed a 10-year, 9.6k SF lease at 235 W. 35th St. CBRE's Jared Silverman repped the tenant, while Adams & Co.'s Alan Bonett and Nick Zagar repped the landlord.

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Edun Americas, the fashion brand established by Ali Hewson and husband Bono, is expanding its NYC operations with a relocation to 8.6k SF at 107 Grand St. Studley's Zev Holzman and Casey Lewis repped the tenant, while Sinvin Realty's Christopher Owles and Trisha Jerry repped the landlord.

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Back-to-school deals-and we're not talking about $1 notebooks.TEAM Charter Schools signed a 8k SF lease at the Military Park Building, 60 Park Pl. in Newark. Assurance Realty's Jon Karnick repped the tenant, while owner The Berger Org. was repped in-house. In a separate deal, Marcus & Millichap's Adelaide Polsinelli-also president of St. George School-combined St. George Elementary School and St. George Academy with LaSalle Academy at St. George's facilities behind Cooper Union's student center. LaSalle will now occupy 50% of St. George's space and pay market rent for the space.

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37 W. 20th St. saw two deals: Internet Assets' five-year, 3.3k SF lease and Julius Erving Entertainment and Six Sports' five-year, 2.5k SF lease. GlenMark Realty's David Gomez repped the tenants in both deals, while Olmstead Properties' D. Breiman repped the landlord.

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540 Seventh Ave. saw two deals: The Law Offices of Clifford A. Meirowitz and Associates' five-year, 1.6k SF lease (tenant rep: Newmark Knight Frank's Michael Frantz); Dr. Edward J. Rubin's five-year, 1.6k SF renewal (tenant rep: The Kaufman Org.'s Barbara Raskob and Walter Lippman); and Weiss Imbesi's two-year, 1.5k SF lease (tenant rep: Prime Manhattan Realty's Omar Sozkesen). Barbara also repped the landlord in two of the deals.

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Sink your teeth into this deal: high-tech dental product producer Dentatus USA signed a five-year, 3.5k SF lease at 54 W. 39th St. The Kaufman Org.'s Heather Rae Hatton repped the tenant, while Pigranel Management Corp.'s Slavik Gofman repped the landlord.

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Gothic Cabinet Craft carved a long-term, 2.3k SF lease at 1646 Second Ave. Sholom & Zuckerbrot's Marc Durst repped the tenant, while Newmark Knight Frank's Ross Kaplan and Stu Morden repped the owner.

Financing

Meridian Capital Group arranged $67M in financing: $14.6M for a 188-unit multifamily building on E. 139th St. in the Bronx (arranged by Alan Friedman); $14.6M for a four-building multifamily portfolio containing 448 units in Kew Gardens, Queens (arranged by Avi Weinstock); $12M for a 34-unit, mixed-use building on E. Houston St. (arranged by Cary Pollack); $11.7M for a 185-unit co-op on East End Ave. (arranged by Zev Feder); and $10M for a 113-unit building on West End Ave. (arranged by Weinstock and Josh Rhine).

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NCB FSB arranged $60M in new financing for 17 properties: an $18M second mortgage and $3.7M line of credit for Park City Estates Tenants Corp.'s 1,045-unit co-op in Rego Park (arranged by Edward Howe III); a $3.5M first mortgage and $100k line of credit for PMA Corp.'s 75-unit co-op at 4784 Boston Post Rd. in Pelham Manor (arranged by Mindy Goldstein); and a $3M first mortgage and $500k line of credit for a 56-unit co-op at 101 W. 80th St. (arranged by Sheldon Gartenstein).

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Holliday Fenoglio Fowler's NJ office secured $19.5M in debt and equity for Aspen Riverpark Apartments, a 258-unit multihousing complex in Newark. The firm's Jim Cadranell arranged the deal, which includes a $14.5M loan with Investors Savings Bank and $5M in JV equity through Latus Partners, on behalf of Treetop Development.

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GCP Capital Group brokered a $14.5M financing for a package of five multifamily properties totaling 125 units and 13 retail stores throughout NY. The deal was arranged by Paul Greenbaum.

Funds

Goldman Sach's Urban Investment Group committed $23M to a new fund sponsored by Jonathan Rose Cos.' investment practive, the Rose New Jersey Green Affordable Housing Preservation Fund. The fund will acquire existing, CRA-eligible affordable housing in mass-transit accessible locations throughout NJ, particularly Hudson and Essex Counties, and will improve assets through a green capital improvement and operations program.

Construction & Development

The six-building, 48-unit The Maynard, an infill project designed by RKT&B Architects and developed by the Community Preservation Corp., has completed. The project is located at the intersection of Bergen St. and Schenectady Ave. in Crown Heights, Brooklyn, and is the fifth completed application of an affordable housing prototype designed by RKT&B. Other project team members included Goldstein Associates, Reynaldo C. Prego PE Consulting Engineers, and Landgarden Landscape Architects.

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RiverOak Investment Corp. and RMS Construction are building St. Andrews Apartments, a four-story, 94-unit apartment building on Washington Blvd. in Stamford, Conn. for more than $15M. This is its third investment as a JV.

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Heritage Realty Services began a $3M capital improvement program at 3 Gannett Dr. in White Plains to modernize the building and enhance and advance sustainability throughout the entire office park. This will include a new main entrance lobby, parking-area lobby, common area, and elevator, as well as a roof replacement and enhanced CCTV systems.

Business

Grubb & Ellis Landauer Valuation Advisory Services opened its NY office Monday, one of the 12 serving owners' appraisal needs and part of Grubb & Ellis' entry into the valuation advisory business on a national scale. It is one of the four Northeast offices under the direction of John Brengelman, who joined the firm in August as senior managing director.

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Thornton Tomasetti and Hardesty & Hanover formed a strategic alliance to collaborate on the evaluation and engineering of transportation infrastructure and movable structures, uniting Thornton Tomasetti's global reach in the design and evaluation of stadiums, arenas, and special structures, and Hardesty & Hanover's expertise in the transportation sector and architectural kinetics. The firms collaborated on the replacement of the drive system for the five retractable roof panels at Miller Park, home of the Milwaukee Brewers, among other projects.

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Former Related Cos. vice chairman David Wine-whom we reported last week had formed Oliver's Realty Group-has also teamed up with RAL Cos.' Robert Levine and former Extell Development managing director Pamela Samuels to launch TRIO Partners, a new residential development company. The new company plans to develop luxury residential, hospitality, and mixed-use projects in urban and resort areas.

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AKAM Living Services formed The Ashtin Group, a separate commercial subsidiary devoted to operation, financial, and environmental management of office, retail, and industrial properties in NY and South Florida.

Executive Moves

NAI Friedland promoted Tony Lembeck to CEO and appointed Jay Olshonsky as COO. Tony, formerly COO, has been with the firm since '95, and Jay joins the firm after 15 years as managing director of CBRE's DC office.

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Cushman & Wakefield's East Rutherford, NJ office promoted Harlan Hollander to director of brokerage services. He joined the firm in '05, and is part of a group that has completed $1.2B in assignments. He is also a lawyer, and a New York Law School and University of Michigan grad.

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LCOR promoted David Sigman to EVP, and he will continue to serve as company principal and manage the company's business development program throughout the NYC area. He joined the firm in '94 after positions at Zeckendorf Co. and Hoskinson & Davis, and is a Princeton grad.

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Patrick Connell joined CBRE as managing director of the firm's recovery & restructuring services group, leading CBRE's efforts with its special-servicer clients. He was previously with CW Asset Management, and held positions at New Boston Fund, RREEF-Deutsche Bank Real Estate, and Spaulding & Slye. He will be based out of the firm's DC office.

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Jack Cohen joined Colliers International as managing director in the NY office, responsible for tenant and landlord rep. He was previously with Cushman & Wakefield, where he was the procuring agent for the team that repped The Hakimian Org. in its 565k SF lease to Ogilvy & Mather at 636 Eleventh Ave. He also held a position at Equis Corp. He's a Rutgers grad.

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Ravi Bhatia joined CNY Builders as director of operations of its interiors division. He was previously with Madison Equities, and has held positions at Structure Tone, Skanska, and Alstrom, among others. He's a Hofstra and Polytechnic grad.

Related Topics: Extell Development, Meridian Capital Group, Jonathan Rose Cos, Adelaide Polsinelli, Goldman Sachs, Richard Cohen, The Berger Org, Military Park Building, Thornton Tomasetti, Treetop Development, Diana Boutross, Crown Heights, Charles Schwab, Rudin Management Co, Madison Equities, Winoker Realty, Holliday Fenoglio Fowler, The Moinian Group, FINANCINGMeridian Capital Group, Avi Weinstock, Swig Equities, Todd Korren, RFR Realty, Barbara Raskob, John Ciraulo, Grant Greenspan, Mindy Goldstein, Bob Savitt, Sheldon Gartenstein, Edward Howe III, One Grand Central Place, Planet Fitness, Josh Rhine, Alan Bonett, Brad Gerla, Michael Heaner, Darrell Rubens, Cary Pollack, Cooper Union, East Rutherford, Grand Central Terminal, Clint Olsen, Highcap Group, Howard Epstein, Heritage Realty Services, Lori Shabtai, Craig Waggner, Ashlind Properties, CNY Builders, Carol Sacks, Perry Mesmer, Michael Gleicher, Michael Frantz, Jack Cohen, Kew Gardens, Michael Beyda, Marty Meyer, Prime Manhattan Realty, Zev Holzman, Olmstead Properties, Benchmark Properties, Jesse Rubens, Vincent Carrega, New York Law School, Chris Kraus, Harry Stavro, Eric Levy, Ross Kaplan, Ashley Cohen, Robert Silver, Rego Park, Christopher Mansfield, Realty Group, Park Pl, Neil Helman, Charles Kingsley, Greenwich Ave, Jim Cadranell, Stu Morden, Thomas Gammino, Robert Alexander, Brad Siderow, Laurence Ross, Susan Kurland, Steve Morrows, David Menaged, Tony Lembeck, Nick Zagar, Gregg Espach, Sinvin Realty, Alan Friedman, Marc Durst, Investors Savings Bank, Glenmark Realty, Alliance Bernstein, Young Byunn, Jon Epstein, Seagram Building, AKAM Living Services, Casey Lewis, Omar Sozkesen, Jared Silverman, Arch Brokerage, Daniel Lipton, James Tamborlane, Mercedes Fernandez, Latus Partners, 60 Park Pl, Jay Olshonsky, Pamela Title, Goldstein Associates, Zev Feder, The Ashtin Group, Michael Politi, Jessica Curtis, Laurence Roberts, Franchise Realty, David Gomez, LaSalle Academy, The Law Offices, Walter Lippman, David Sigman, RiverOak Investment Corp, Ellis Landauer Valuation Advisory Services, Miller Park, Trisha Jerry, Urban Investment Group, Rechler Equities, Mark Bengualid, Douglas Levine, Adrienne Shea, RMS Construction, Eric Reimer, Peter Bryant, Christopher Owles, Heather Rae Hatton, The Maynard, David Wine, Robert Levine, The Hakimian Org, Equis Corp, Jeff Sharon, Pelham Manor, Rose New Jersey Green Affordable Housing Preservation Fund