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This Week's N.Y. Deal Sheet

This week, a string of office leases were signed downtown, two Queens industrial sites traded and a number of residential buildings scored financing.


The tallest building in the country, One World Trade Center, looms over Lower Manhattan.

Olshan Properties locked down four leases spanning a total of 72K SF at its building 99 Hudson St. in Tribeca, the landlord announced. Daily Harvest, a plant-based, ready-made food delivery service leased 36K SF for its corporate headquarters, and was represented by CBRE brokers Sinclair Li and Daniel Wilpon. Daily Harvest plans to relocate in phases from its current headquarters on West 21st Street.

Clarify Health Solutions also signed a 12K SF lease at 99 Hudson St., and was represented by Cushman & Wakefield’s Sebastian Infante and Jamie Katcher. The Museum of Ice Cream leased 12K SF for its headquarters, with Current Real Estate Advisors’ Adam Henick as the tenant broker. Meanwhile, current tenant HR&A renewed for 12K SF on the third floor. Mike Mathias of Savills brokered that deal on the tenant side. Newmark Knight Frank’s David Falk, Eric Cagner, Jonathan Franzel and Michael Shenfeld brokered all the deals for the landlord.


Global ownership management platform Carta took 36K SF at One World Trade Center, landlords Durst Organization and the Port Authority announced. Asking rents were $82 per SF, per the New York Post, and the company is taking space on the 81st floor. JLL’s Steven Rotter, Justin Haber and Kyle Riker represented the tenant, while Durst was represented in-house by Eric Engelhardt and Karen Kuznick, alongside NKF’s Falk, Jason Greenstein, Peter Shimkin, Hal Stein and Travis Wilson. The lease is for seven years and the company is moving from 515 Greenwich St.


Moda Operandi leased 84K SF at L&L Holding Co.-owned 195 Broadway, Commercial Observer reports. The space is on the 27th and 28th floors, and the company is moving from 315 Hudson St., where Google is moving next year. JLL’s Frank Coco and Owen Hane brokered the deal for the tenant. L&L’s David Berkey and Andrew Weiner handled the deal in-house for the landlord.


Financial Technology Partners is expanding at 90 Park Ave., the New York Post reports, going from nearly 7K SF to just over 23K SF. Vornado owns the building, and the asking rents were in the high $80s per SF. Savills’ Lance Leighton, Evan Margolin and Scott Ansel brokered the deal for the fintech firm. Vornado was represented in-house by Jared Silverman and Ryan Levy.


SL Green has locked down two large tenants in two major renewal deals. At 220 East 42nd St., known as New York Daily News Building, SL Green renewed its lease with Tribune Media, the parent company of local TV station WPIX, which has 101K SF in the building. SL Green announced the 16-year renewal in its second quarter earnings, per Commercial Observer. The asking rent was $70 per SF. The firm also announced that AMC Theatres is renewing its space at 312 West 34th St. AMC renewed for 15 years for a 95K SF space, according to CO, and both sides of the deal were handled in-house.


3060 Broadway

Citigroup loaned $67M to Brooklyn developer Thomas Anderson for an apartment complex in Prospect Lefferts Gardens, Commercial Observer reports. The connected buildings are 31-33 Lincoln Road and 510 Flatbush Ave. and together have 141 apartments. Anderson’s company, Anderson Associates, paid $6.5M for the site in 2011, and Santander and Sovereign Bank provided a loan at that time, per CO. Apollo Commercial Real Estate Finance loaned $67M two years ago. 


Blue Sky Real Estate locked down around $52M from CGA Mortgage Capital to buy a residential building at 3060 Broadway in Morningside Heights, Commercial Observer reports. The financing features a $27M gap mortgage, and Blue Sky is paying $47.2M for the property from a group led by Coltown Properties.


Kraus Organization scored $48M from New York Community Bank for 389–393 South Second St. in Williamsburg, a six-story residential building, according to Commercial Observer. The financing takes over a $40M loan that Signature Bank originated five years ago and provides a $7.9M new mortgage. 


58-95 Maurice Ave.

Turnbridge Equities paid $39.5M for a warehouse in Queens, The Real Deal reports. CMJ Realty is the seller of the 129K SF building at 58-95 Maurice Ave. in Maspeth. John Maltz and Ayall Schanzer of Greiner Maltz brokered the deal. Ares Commercial Real Estate provided $24M for the deal, per TRD, and Turnbridge partnered with an undisclosed institutional investor on the buy.


Monitor Holding Corp. sold its 70K SF industrial building at 74-16 Grand Ave. in Elmhurst in Queens, Kalmon Dolgin Affiliates announced in a release. The buyer is used an LLC called 74-16 Grand Ave., for the sale. KDA’s Neil Dolgin and Grant Dolgin brokered both sides of the deal. Last month, 74-16 Grand Ave. Storage LLC, which is connected to self-storage developer Storage Deluxe, filed plans with the city to demolish the building, according to


Lightstone Group paid $28.9M for a development site off Bedford Ave. in Williamsburg, The Real Deal reports, citing multiple records filed with the city. The company scored a $16M loan for the site from Mexican bank Grupo Financiero Inbursa, per TRD.