New-York News

Deals of the Day: March 12


Leases

Virtual restaurant inks Steinway Building lease

Address: 42-45 12th St., Queens
Landlord: Superior Management
Tenant: Orbital Kitchens
Lease size: 34,953 square feet
Lease length: 15 years
Asking rent: Mid- to high-$30s per square foot
Asset type: Industrial
Brokers: Igloo’s Adam Joly and Rachel Cohen represented the landlord.

Health care-focused investor relations firm takes Midtown space

Address: 1700 Broadway, Manhattan
Landlord: Rockpoint
Tenant: LifeSci Advisors
Lease size: 13,533 square feet
Asset type: Office
Brokers: Newmark’s Jonathan Fanuzzi represented the tenant. Newmark’s David Falk, Brian Waterman, Peter Shimkin and Daniel Levine represented the landlord.

Financings

Rego Park project with 260 apartments scores mortgage

Address: 98-10 63rd Rd., Queens
Owner: Xiarong Zhai
Lender: East West Bank
Loan amount: $24.7 million
Asset type: Development site

University Heights supportive housing site lands loan

Address: 162 W. Kingsbridge Rd., Bronx
Owner: Jewish Board of Family and Children’s Services
Lender: Dormitory Authority of the State of New York
Loan amount: $8.1 million
Asset type: Medical



Eddie Small, C. J. Hughes, Julianne Cuba , 2024-03-12 16:53:01

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