NEW YORK CITY —Colliers International has negotiated a 36,248-square-foot office lease for multifamily and commercial REIT Arbor Realty Trust Inc. at The Seagram Building in Midtown Manhattan. Located at 375 Park Ave., the 38-story building was completed in 1958. Arbor previously occupied 16,000 square feet on the 34th floor and has now expanded its operations to the entire 29th and 30th floors on a 10-year term. Ted Koltis and Reid Longley of Colliers represented Arbor in the lease negotiations. AJ Camhi and Kevin West represented the building owner, RFR Holding, on an internal basis.
NEW YORK CITY — Eyewear retailer Warby Parker has opened a 2,564-square-foot store in the Park Slope neighborhood of Brooklyn. The two-story building is located at 208 Flatbrush Ave., near the Barclays Center. Brian Katz and Scott Sher of Katz & Associates represented Warby Parker in the lease negotiations. Pintchick Associates Ltd. is the landlord.
NEW YORK CITY — Walker & Dunlop Inc. has acquired New York City-based capital markets advisory firm AKS Capital Partners. Aaron Appel, Keith Kurland, Jonathan Schwartz and Adam Schwartz, who lead the 15-person AKS team, will join Walker & Dunlop as senior managing directors and co-heads of the New York capital markets practice. The team will focus on sourcing and structuring financing for all commercial real estate asset classes nationally, as well as expanding Walker & Dunlop’s client base and capital markets capabilities. The sales price was undisclosed.
NEW YORK CITY — CBRE has negotiated a 52,400-square-foot office lease for advertising agency Johannes Leonardo at Trinity Centre, a two-building office complex located at 111-115 Broadway. The company will take occupancy of the space beginning in July. Adam Foster, Brad Gerla, Adam Leshowitz and Mike Rizzo of CBRE represented the building owner, Capital Properties, in the lease negotiations. Daniel Breiman of Olmstead Properties represented Johannes Leonardo.
NEW YORK CITY — The Boulder Group has arranged the $6.9 million sale of a 2,156-square-foot retail property occupied by 7-Eleven in Manhattan. The space is located at the base of a 351 Bowery, a 15-story residential condominium on the border of NoHo and East Village. Randy Blankstein and John Feeney of The Boulder Group represented the seller, an East Coast-based real estate fund. The buyer was a private investor based in the Northeast. Both parties requested anonymity.
ITHACA, N.Y. — A partnership between Lambrou Real Estate and Bridges Development Group will develop City Harbor, a 218,000-square-foot mixed-use development in the Upstate New York city of Ithaca. The property will be located at 101 Pier Road, formerly the site of Johnson Boat Yard, on the southern shore of Finger Lake. A multifamily component of the project will feature 158,000 square feet of residential space with 156 one- and two-bedroom units, a fitness center, restaurant and other amenities. The project will also feature a 60,000-square-foot medical building and a 1,700-foot shoreline promenade. HOLT Architects is designing the project, and Edger Enterprises Inc. is the general contractor. The development team expects to break ground in May and to complete the first phase about 18 months later.
NEW YORK CITY — CW Realty has acquired 251 Front Street, a 20,000-square-foot development lot in the Vinegar Hill neighborhood of Brooklyn, for $20 million. CW plans to build a five-story multifamily building comprising 59 units, a fitness center and a parking garage. Construction is slated to begin in June. Brendan Maddigan and Ethan Stanton of JLL represented the seller, Tocci Brothers, in the transaction. The team also procured CW Realty as the buyer.
NEW YORK CITY — Financial services firm Cantor Fitzgerald has renewed a 56,170 square-foot office lease at 499 Park Avenue in the Plaza District of Midtown Manhattan. The company signed a 16-year lease for the space. The leasing is part of a larger headquarters spanning two buildings. Jared Horowitz, Neil Goldmacher and Jason Perla of Newmark Knight Frank represented Cantor Fitzgerald in the lease negotiations. Michael Jones of Cole Schotz P.C. advised Cantor Fitzgerald in the renewals of the lease agreements. Paul Amrich of CBRE represented the landlord, American Realty Advisors.
NEW YORK CITY — Financial services firm Cantor Fitzgerald has renewed its 151,890 square-foot office headquarters lease at 110 East 59th Street in the Plaza District of Midtown Manhattan. The company signed at 16-year lease to occupy seven full floors at the 37-story building. Jared Horowitz, Neil Goldmacher and Jason Perla of Newmark Knight Frank represented Cantor Fitzgerald in the lease negotiations. Michael Jones of Cole Schotz P.C. advised Cantor Fitzgerald in the renewals of the lease agreements. Brett Greenberg and Fran Delgorio represented the building owner and developer, Jack Resnick & Sons, in-house.
NEW YORK CITY — JLL has negotiated a 25,261-square-foot office lease for advertising company CaféMedia in Manhattan. The company signed a 10-year lease to occupy the entire 27th floor of the 1.1 million-square-foot building, which is located at 1411 Broadway and completed in 1970. CaféMedia previously occupied space at 417 Fifth Avenue. Alexander Chudnoff, Dan Turkewitz and Kip Orban of JLL represented the tenant in the lease negotiations. Paul Amrich, Neil King and Emily Jones of CBRE represented the landlord, Ivanhoé Cambridge.