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THE DEAL SHEET

THE DEAL SHEET
BIG DEALS!
THE DEAL SHEET
The Port Authority gave a thumbs up to the $144M upgrade of Stewart International Airport’s two runways, as well as JetBlue Airway’s $200M investment to expand Terminal 5 at JFK International Airport by creating a new international arrivals area. Also approved: a supplemental lease agreement with JetBlue that will allow construction of an additional 145k SF of space on three levels in Terminal 5.***SL Green entered into an agreement to acquire the 215k SF mixed-use 304 Park Ave South from a partnership headed by Walter & Samuels’ David Berley for $135M. Walter & Samuels repped the seller, while Eastdil Secured’s Doug Harmon was the transaction’s advisor.

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RLJ Lodging Trust purchased the 226-room Courtyard by Marriott Upper East Side from Madison 92nd Street Associates, which was sold as part of a reorg plan in a bankruptcy proceeding. The hotel was purchased along with the 187-room Residence Inn by Marriott Bethesda Hotel Downtown in Maryland for a total of $147M. Cushman & Wakefield’s Tom McConnell and Jared Kelso repped the Manhattan sellers.
SALES
The Listokin family and Fortis Property Group purchased a block-through, 101k SF, as-of-right buildable residential development site at 545-551 W 48th St from a family that had owned the land since the 1920s for $23.5M. Eastern Consolidated’s Alan Miller and David Schechtman brokered the deal, while Milt Wolfson repped the seller.

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Massey Knakal brokered four sales: a block-through development site with 177k SF buildable SF at 131-137 Emerson Pl, Clinton Hill for $13M cash (brokers: Stephen Palmese and Winfield Clifford); a development site with a 6,300 SF building at 30 Henry St, Brooklyn Heights for $3.5M cash (brokers: Palmese and Clifford); two multifamily buildings totaling 12 units at 2044-2048 Nostrand Ave, Brooklyn for $1.2M cash (brokers: Edward Gevinski and Nick Mahedy); and a residential development site with 15k SF buildable SF at 329 Pleasant Ave, East Harlem for $1.1M cash (brokers:Robert Shapiro and Thomas Donovan).

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Besen Capital’s Amit Doshi brokered the $4.4M sale of the 43-unit walk-up apartment building at 96 Wadsworth Terrace, Washington Heights/Inwood.***MP Properties purchased the 160k SF office building at 6 Armstrong Rd, Shelton, Conn. from Armstrong Park Associates for an undisclosed price. CBRE’s Jeffrey Dunne, Steven Bardsley, and David Gavin brokered the deal.

LEASES

Storage Deluxe signed a 32k SF lease at 1235 E Tremont Ave, Bronx. NAI Friedland’s Rick Stassa and Jeff Clinton brokered the deal between the tenant and landlord 1235 East Tremont Realty Corp.

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In addition to its previously announced 28k SF renewal at 44 Wall St,Cullen and Dykman will take an additional 20k SF at the building. Cushman & Wakefield’s Edward Weiss, Josh Kuriloff, Frank Cento, and Edward Donnery repped the tenant, while Keith Lipstein, Jay Kreisberg, and Christina Dermond repped owner ABS Partners in-house.

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Team Detroit, a division of WPP, inked a 12k SF lease at 257 Park Ave South. CBRE’s Sacha Zarba repped the tenant, while Brian Feil and Robert Fisher repped owner The Feil Org in-house.

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NAI Friedland’s retail division closed three deals: Cheng Kamfai’s 5,500 SF lease at 640 E Boston Post Rd, Mamaroneck (tenant reps: NAI’s Rick Stassa and Lou Klein; landlord reps: Aries, Deitch and Endelson’s Bill Hesse for Sobert Realty Corp); Lava New York’s 3,000 SF lease at 388 E Fordham Rd, Bronx (broker: Stassa; landlord: B&G Sportswear); and Little Caeser’s Pizza’s 1,800 SF lease at 3706 Third Ave, Bronx (brokers: Robin Herko and David Scotto; landlord: Royal Farms).

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Dinosaur BBQ inked a long-term, 9,000 SF lease at 604 Union St, Boerum Hill. BCD Concepts repped the tenant, while Kalmon Dolgin Affiliates’ Gary Mayzlin repped the landlord, a local developer.

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Savitt Partners’ 530 Seventh Ave saw three deals: Lenzing Fibers’ 3,800 SF lease (tenant rep: Winoker realty’s Evan Lieberman; landlord rep: Bob Savitt and Marc Schoen, in-house); TKANE’s 3,400 SF renewal (brokers: Savitt and Michael Schoen); and Alliance Apparel’s 1,400 SF lease (tenant rep: Marc Schoen; landlord rep: Savitt).***Vesta Partners inked a 3,600 SF lease at 300 First Stamford Pl, Stamford, Conn. (tenant rep: Cushman & Wakefield’s Gerry Lees and Maureen O’Boyle) while TrexQuant Management inked a five-year, 3,100 SF lease at the building (tenant rep: Newmark Grubb Knight Frank’s Brian Carcaterra and James Ritman). Jeffrey Newman, Kimberly Zaccagnino, and Tara Long repped owner Malkin Properties in-house.

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Middle Island Pet Supplies expanded its footprint at the King Kullen Center in Middle Island, Long Island to 5,600 SF. Island Associates’ Roger Delisle brokered the deal.

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CCLC, a division of Knowledge Universe-United States, is opening its second Manhattan early childhood center in 5,500 SF at the base of Four New York Plaza. Newmark Grubb Knight Retail’s Jonathan Krivine repped the tenant, while the owner at the time of closing,Harbor Group International, was repped by Winick Realty’s Lee Block and Darrell Rubens. The property is now owned by HSBC Alternative Investments and Edge Fund Advisors.

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Maxymiser signed a 5,300 SF sublease at 532 Broadway. Winoker Realty’s Howard Epstein repped the tenant, while Cushman & Wakefield’s Clark Finney and Michelle Walker repped the owner.

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Cut and Paste Productions signed a 10-year, 5,300 SF lease at 145 W 28th St. Adams & Co’s Michael Hyrrowitz repped the tenant, while Winoker Realty’s Elliot Klein and Jonathan Ben-Dayan repped the owner.

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Nirvana Solutions inked a seven-year, 3,500 SF lease at 80 Broad St. Redwood Property Group’s Eli Someck repped the tenant, while Newmark Grubb Knight Frank’s Hal Stein, Adam Leshowitz, and Todd Stracci repped owner Savanna.

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Aleutian Capital Partners signed a seven-year, 3,500 SF lease at 100 Wall St. Studley’s Evan Margolin and Lance Leighton repped the tenant, while JLL’s Scott Cahaly, Brian Reiver, and Mitchell Konsker repped owner Savanna.

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The NY Committee for Occupational Safety and Health inked a 1,900 SF lease at 61 Broadway. Denham Wolf’s Amy Lawrence repped the tenant, while David Israni and Mona Huegel repped owner Broad Street Development.

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LD Textiles signed a five-year, 1,700 SF lease at 42 W 38th St. Winoker Realty’s Roy Somrwaru repped the tenant.

FINANCING

Meridian Capital Group arranged: $15.1M for a 178-unit, two-story multifamily building on Park Drive, Pleasant Valley (arranged by Russ Drebin); $7M on a 66-unit, six-story multifamily on Wadsworth Avenue (arranged by David Hayum); and $5M for five multifamily buildings totaling 922 units in Holbrook and Sayville, Long Island(arranged by Dovid Ostrov).

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Eastern Union Commercial’s Shaya Ackerman arranged: $9.6M to refi a 43-unit residential property in Astoria through Investors Bank  for borrower Alma Realty; $9.3M to refi a 54k SF office and retail building in Queens through TD Bank; and a $6.6M construction loan for the acquisition and gut renovation of a 65-unit multifamily property in Brooklyn through Investors Bank for borrower Marcal Group.

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Beech Street Capital provided a $16.9M Fannie Mae conventional loan for the refi of Allerton Avenue, a 144-unit apartment complex in the Bronx. Meridian Capital Group’s David Hayum originated the loan.

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GCP Capita l arranged: $5.6M for a 42k SF neighborhood shopping center in Croton-on-Hudson (arranged by Matthew Classi); $4M for a 48-unit, six-story elevator apartment building on Bogardus Place(arranged by Paul Greenbaum); $2.5M for a 39k SF King Kullen-anchored neighborhood shopping center in Blue Point, Long Island(arranged by Classi); and $2M for a 17-story, 65k SF office building on West 32nd Street (arranged by Adam Brostovski).

Related Topics: Harbor Group International, Boerum Hill, Meridian Capital Group, Clinton Hill, Stephen Palmese, TD Bank, Josh Kuriloff, HSBC, Broad Street Development, ABS Partners, Winoker Realty, United States, Kalmon Dolgin Affiliates, Beech Street Capital, FINANCINGMeridian Capital Group, Matthew Classi, Kimberly Zaccagnino, Big Deals, Bob Savitt, Michael Schoen, David Schechtman, Washington Heights, The Feil Org, Jeffrey Dunne, Robin Herko, David Scotto, Brooklyn Heights, David Hayum, Tara Long, Alan Miller, Rick Stassa, Darrell Rubens, Frank Cento, Scott Cahaly, Robert Shapiro, Howard Epstein, East Harlem, Adam Leshowitz, Jonathan Ben, Street Associates, Brian Feil, Brian Reiver, Island Associates, Hal Stein, Elliot Klein, David Gavin, Steven Bardsley, Todd Stracci, The Port Authority, First Stamford Pl, Jeff Clinton, Clark Finney, Investors Bank, Jared Kelso, David Israni, Fortis Property Group, Mitchell Konsker, Winfield Clifford, Jonathan Krivine, Lee Block, Roger Delisle, Doug Harmon, Evan Margolin, Thomas Donovan, Edge Fund Advisors, Besen Capital, Denham Wolf Real Estate Services, Lou Klein, Tom McConnell, Gary Mayzlin, JFK International Airport, Eastern Union, Shaya Ackerman, Robert Fisher, Russ Drebin, James Ritman, Brian Carcaterra, Edward Weiss, Lance Leighton, RLJ Companies, Michelle Walker, Edward Gevinski, Jay Kreisberg, Evan Lieberman, Amy Lawrence, Alma Realty, Emerson Pl, Little Caeser, David Berley, Nick Mahedy, Edward Donnery, Keith Lipstein, Christina Dermond, Dinosaur BBQ, Middle Island, Four New York Plaza, Park Drive, Pleasant Valley