NEW YORK CITY — NormAI, which provides legal and compliance services, has signed a 64,313-square-foot office lease at One World Trade Center in Lower Manhattan. The space spans the entire 60th floor and part of the 61st floor. Scott Bogetti, James Wenk and Kirill Azovtsev of Savills represented NormAI in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed the building in partnership with The Port Authority of New York and New Jersey.
NEW YORK CITY — Council Advisorshas renewed its 17,685-square-foot office headquarters lease in Midtown Manhattan. The consulting firm signed a 10-year extension for its space at 685 Third Avenue, a 651,000-square-foot, newly renovated building. Daniel Horowitz, Jeffrey Peck, Roi Shleifer, Jacob Stern and Max Mond of Savills represented the tenant in the lease negotiations. Paul Amrich, Neil King, Meghan Allen, Anthony Manginelli and Brooke Dewing of CBRE represented the landlord, institutional investment firm BGO.
NEW YORK CITY — The Korea International Trade Association (KITA) has begun the $200 million redevelopment of 460 Park Avenue, a 22-story office building at the thoroughfare’s intersection with East 57th Street in Midtown Manhattan. Upon completion, the building will offer 350,000 square feet of Class A office space. According to the development team, the building, which was originally constructed in the mid-20th century, is “being returned to its original steel structure and rebuilt with state-of-the-art infrastructure.” Within this framework, plans call for upgrades to the lobby, elevators, façade and utility systems. More specifically, the revamped lobby will feature hospitality-driven amenities that are “centered on activating terraces and outdoor space, creating a seamless connection to the outdoors for tenants.” The project will also introduce a formal amenity suite with conference and event spaces, as well as lounge, dining and wellness areas. The project team is also targeting certain designations — LEED Gold, WELL certification and WiredScore Platinum — for its utility systems and infrastructure. KITA has also tapped JLL to lease 460 Park Avenue upon completion of the redevelopment, which is scheduled for mid-2028. “We are reimagining 460 Park Avenue with a focus on quality, performance and experience, delivering a …
NEW YORK CITY — M&T Realty Capital Corp. has provided a $141.4 million bridge loan for the refinancing of Anagram Turtle Bay, a 194-unit apartment building located at 300 E. 50th St. in Manhattan. Designed by BKSK Architects, the 23-story building houses studio, one-, two- and three-bedroom units, as well as street-level retail space. Amenities include a fitness center, library, coworking lounge, landscaped garden spaces, media lounge and a rooftop terrace. The three-year loan includes an extension option and retires a $95 million construction loan provided by Bank OZK. The borrower is local owner-operator Global Holdings.
SYOSSET, N.Y. — A joint venture between Boston-based investment firm The Davis Cos. and operator GoodFriend Storage has acquired a 555-unit self-storage facility in the Long Island community of Syosset. The facility at 475 Underhill Blvd. comprises 40,344 net rentable square feet of space across two floors and 467 units, as well as 88 boat and RV storage spaces. In addition, the site can support about 34,000 square feet of expansion. The seller and sales price were not disclosed.
NEW YORK CITY — Industrious has opened a 28,000-square-foot coworking space in Midtown Manhattan. The space spans the sixth and seventh floors of the 29-story building at 875 Third Ave. and features 226 office seats and 26 access seats. Members also have access to a range of onsite retail, fitness and culinary options. Local investment firm Global Holdings owns 875 Third Avenue.
LIVERPOOL, N.Y. — Locally based brokerage firm Jacobson Properties has arranged the $13 million sale of a 38,913-square-foot medical office building located at 8324 Oswego Road in Liverpool, part of the Syracuse metro area. Lisa Menin of Jacobson Properties represented the undisclosed seller in the transaction and simultaneously secured long-term extensions with two tenants. The buyer was an institutional healthcare real estate investment firm that similarly requested anonymity. The building was fully leased at the time of sale.
SLINGERLANDS, N.Y. — Regional brokerage firm Adirondack Capital Parters (ACP) has negotiated the sale of Meadowbrook Apartments, a 98-unit building in Slingerlands, about 10 miles west of Albany. The property offers one- and two-bedroom units with private balconies/patios and amenities such as an outdoor pool, tennis courts, fitness center, community room and a clubhouse. Michael Hunter Coghill of ACP represented the seller, Berkeley Property LLC, in the transaction and procured the undisclosed buyer.
JERICHO, N.Y. — Grassi, a provider of tax and accounting services, has renewed its 41,000-square-foot office lease in the Long Island community of Jericho. The space is located within 50 Jericho Quadrangle, which is situated at the intersection of Exit 40 of the Long Island Expressway and the Jericho Turnpike. Rob Kuppersmith and Jennifer Grgas of Cushman & Wakefield, along with Newmark’s Scott Berfas and Dan Oliver, represented Grassi in the lease negotiations. The landlord, The We’re Group, was self-represented.
NEW YORK CITY — Corporate Suites has signed a 13-year, 34,857-square-foot office lease in Midtown Manhattan. The provider of flexible workspace solutions will occupy the entire 18th and 19th floors of the 22-story building at 16 E. 34th St. David Rosenbloom and Matthew Etlinger of Cushman & Wakefield represented the tenant in the lease negotiations. Peter Duncan and Alexander Bermingham internally represented the landlord, George Comfort & Sons, which owns the building in partnership with Wohio Holding Inc.
Newer Posts