THE DEAL SHEET
| Sale Transactions A Ukrainian-based industrialist purchased a whole loan on the 18k SF Henry T Sloane Mansion at 18 E 68th St for $33M. Marcus & Millichap’s Peter Von Der Ahe, Seth Glasser, and Scott Edelstein repped the seller, Madison Realty Capital, while Leslie J Garfield & Co’s Matt Lesser repped the buyer.*** Terreno Realty Corp purchased the 211k SF industrial building at 670 Belleville Tpke in Carlstadt, NJ from Russo Development for $32.6M. Cushman & Wakefield’s Andrew Merin, David Bernhaut,Gary Gabriel, Brian Whitmer, Kyle Schmidt, Stan Danzig, Jules Nissim, Stephen Elman, and Catherine Bounczek repped the seller, while Andrew Burke repped the buyer in-house. *** |
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| East Main Street Equity Partners, an entity controlled by Aegean Capital, purchased the 103k SF 750 East Main St in Stamford from 750 Acquisition Co for $17M. CBRE’s Jeffrey Dunne, Steven Bardsley, and David Gavin repped the seller in the transaction, which was the first REO sale in the Stamford market.***CPEX Real Estate’s development and conversion team arranged the sale of 385-393 4th Ave in Park Slope, Brooklyn for $6.5M. Current plans call for 52 residential units totaling 61k SF and 3,300 SF of community use space. *** A NY-based buyer purchased a 60-unit mixed-unit multifamily building a 2 Osborne Terrace in Newark for $2M. CBRE’s Charles Berger brokered the deal. Lease Transactions Vaswani signed a 77k SF lease at 75 Carter Dr in Edison, NJ, relocating from Union and Piscataway. JLL’s Jason Barton repped the tenant, while CBRE’s Lou Belfer and Scott Belfer repped owner Caro Associates II. *** Hillsborough Business Center in Hillsborough, NJ saw three deals: Primus Green Energy’s 34k SF lease, Hu-Lift Equipment’s 8,000 SF lease, and personal trainer Adam Allen’s 1,400 SF lease. Raider Realty’s Robert Marek repped owner Larken Associates. He also repped Larken for Lenny’s Pizza and Pasta’s 3,200 SF lease and Somerset Medical Center’s 1,900 SF lease at Hillsborough’s Kingsbridge Center. *** |
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| Display Presentations signed a 38k SF lease for flex space at 5 Plant Ave in Hauppauge, Long Island. Ashlind Properties’ Richard Cohen and Ashley Cohen brokered the deal.***Murray Hill Properties brokered four deals: Reliance Insurance Co’s 15k SF lease at 75 Broad St (tenant rep: MHP’s Wes Rudes; landlord rep: JEMB Realty’s Joe Jerome for 75 Broad LLC); Technology Desking’s 6,100 SF lease at 39 Broadway (tenant reps: MHP’s Rick Doolittle, Rudes, and Mark Toubin; landlord rep: The Lawrence Group’s Dan Ginsberg); Interactive Partners’ 5,400 SF lease at 104 Fifth Ave (tenant rep: MHP’s Randy Sherman; landlord rep: Stribling’s Chris Wilson); and Bar 1 Productions’ 3,500 SF lease at 56 W 45th St (tenant rep: MHP’s Pamela Title). *** TechMediaNetwork signed an 18k SF sublease at 150 Fifth Ave. JLL’s Andrew Flint and Ryan Masiello repped the subtenant, while Cushman & Wakefield’s Robert Gallucci repped sublandord EMI Group. *** Hunter Group CPA inked a 10.5-year, 12k SF renewal at 17-17 Route 208 in Fair Lawn, NJ. NAI James R Hanson’s Darren Lizzack repped the tenant. Mack-Cali is the landlord. *** Shadow Financial Systems signed a long-term, 11k SF HQ lease at Washington Plaza, 1551 S Washington Ave in Piscataway, NJ. Cushman & Wakefield’s Curtis Foster repped the tenant, while he and colleague Joseph Rosario repped owner Kwartler Associates. *** |
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| Macy’s leased an additional 10k SF at 1440 Broadway, where it occupies more than 170k SF. CBRE’s Scott Gottlieb and Michael Laginestra repped the tenant, while Jordan Berger repped owner Monday Properties in-house.***10 W 33rd St saw three leases: Braha Industries’ six-year, 7,000 SF lease, SD Wholesale’s five-year, 1,100 SF lease, and PLV Studio’s six-year, 1,000 SF lease. Adams & Co’s David Levy repped the tenants and owner Ten West Thirty Third Associates in all three deals. *** Beehives & Buzzcuts inked a long-tem, 2,500 SF lease for its first location at 365 First Ave. Winick Realty’s Brian Tregerman and Joseph Isa repped both the tenant and owner Sassouni Management. *** SDK Apartments inked a 2,400 SF lease at 9 Polifly Ave in Hackensack. NAI James E Hanson’s Anthony Cassano repped the tenant and the owner, Pascack Community Bank. *** See Eyewear signed a 10-year, 1,600 SF lease at 423 West Broadway for its third Manhattan location. Robert K Futterman & Associates’ Jackie Totolo repped the tenant, while Sierra Realty Corp’s Peter Levitan repped owner 609 Realty and 574 Realty. *** Ankasa signed a 1,400 SF lease for the last-remaining space at 1200 Madison Ave. Crown Retail Services’ Jordan Barker repped the tenant, while Robert K Futterman & Associates’ Beth Rosen and Brandon Singer repped owner 1200 Tenant Corp. Financing Meridian Capital Group arranged $38M in new financing, including:$12.4M for a four-building, 237-unit multifamily portfolio in Brooklyn(arranged by Avi Weinstock); $7M for a 36-unit multifamily building on Knightsbridge Rd in Great Neck, Long Island (arranged by Elliot Birnbaum); $5.5M for a 49-unit multifamily building on Morris Ave in the Bronx (arranged by Michael Kesselman); and $5.4M for an 82-unit multifamily building on Sterling Pl in Brooklyn (arranged by Dovid Ostrov). Business Dr. Sam Chandan launched Chandan Economics, a CRE research firm. Its services include real estate economics and debt and credit analytics. Madison Realty Capital provides strategic and logistical support, while the new firm entered into a strategic relationship with Axiometrics. Its academic and industry advisory board includes Wharton’s Dr. Robert Inman, University of Denver’s Dr. Glenn Mueller, University of Chicago’s Dr. Joseph Pagliari, Wharton’s Dr. Todd Sinai, Trigild Corp’s William Hoffman, Axiometrics’ Ron Johnsey, Kushner Cos’ Jared Kushner, Sperry Van Ness International’s Kevin Maggiacomo, and Madison Realty Capital’s Brian Shatz. Executive Moves David Skinner joined Prudential Real Estate Investors to lead the firm’s defined-contribution business development initiative and responsible for developing a strategy to expand PREI’s real estate investment offerings in direct real estate for defined contribution plans, such as 401(k)s. He was previously with JPMorgan Retirement Plan Services. *** Susan de França joined Douglas Elliman Developments as president and CEO and as a senior member of Prudential Douglas Elliman’s management team. She was previously with Related Sales, and held positions at Davis & Partners, The Sunshine Group, and MJ Raynes Development Corp. |
