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Leases
City takes space near Penn Station
Address: 31 Penn Plaza, Manhattan
Landlord: Vanbarton Group
Tenant: The City of New York
Lease size: 34,000 square feet
Lease length: 20 years
Asset type: Office
Brokers: CBRE’s Jeffrey Kilimnick represented the tenant. A JLL team led by Kyle Young, Matthew Astrachan, Mitchell Konsker and Thomas Swartz represented the landlord.
Asset manager inks lease in Midtown
Address: 340 Madison Ave., Manhattan
Landlord: RXR
Tenant: Northampton Capital Partners
Lease size: 5,542 square feet
Lease length: Three years
Asset type: Office
Brokers: Cushman & Wakefield’s David Mainthow and Steven Langton represented the tenant. JLL’s Paul Glickman, Matt Astrachan, Cynthia Wasserberger, Dan Turkewitz and Harrison Potter represented the landlord, along with William Elder and Andrew Ackerman in-house.
Korean barbecue joint opening in the Garment District
Address: 463 Seventh Ave., Manhattan
Landlord: The Arsenal Co.
Tenant: Sopo
Lease size: 3,156 square feet
Asset type: Retail
Brokers: Kassin Sabbagh Realty represented the tenant. Adams & Co.’s David Levy represented the landlord.
Sales
Condo developer picks up bankrupted parcel in West Chelsea
Address: 540 W. 21st St., Manhattan
Seller: Casco Development Corp.
Buyer: Legion Investment Group
Sale price: $87.4 million
Asset type: Development site
Please read more here.
Financings
Sabet Group refinances Gramercy Park apartment building
Address: 332 E. 19th St., Manhattan
Owner: Alfred Sabetfard
Lender: Greystone
Loan amount: $9.4 million
Asset type: Multifamily
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Julianne Cuba, C. J. Hughes, Eddie Small , 2024-04-18 18:27:13
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