New-York News

Deals of the Day: May 6

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Leases

Bloomberg extends massive Lexington Avenue lease

Address: 731 Lexington Ave., Manhattan
Landlord: Alexander’s Inc.
Tenant: Bloomberg LP
Lease size: 950,000 square feet
Lease length: 11 years
Asset type: Office

Read more about the deal here.

Law firm moves in Midtown

Address: 1251 Sixth Ave., Manhattan
Landlord: Mitsui Fudosan
Tenant: Sullivan & Worcester
Lease size: 42,000 square feet
Asset type: Office

Read more about the deal here.

Sales

Industrial parcels next to scrapped Amazon headquarters trade

Addresses: 45-40 and 45-28 Vernon Blvd., Queens
Seller: Quadrum Global, Baron Property Group and Simon Development
Buyer: ZD Jasper Realty
Sale price: $47 million
Asset type: Development sites
Brokers: JLL’s Brendan Maddigan, Rob Hinckley, Michael Mazzara, Ethan Stanton, Winfield Clifford and Vickram Jambu represented the seller and the buyer.

Read more about the deal here.

Tennessee firm acquires Canarsie concrete plant

Address: 9814 Ditmas Ave., Brooklyn
Seller: Rossanna Bortone
Buyer: Jeff Hollingshead
Sale price: $12.5 million
Asset type: Industrial

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Eddie Small , 2024-05-06 18:43:07

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