NEW YORK CITY — Law firm Polsinelli PC has signed a 13,129-square-foot office lease expansion at 600 Third Avenue, a 575,254-square-foot building in Manhattan. The tenant, which also extended its lease by 10 years to run through 2036, now occupies 52,516 square feet across the entire 33rd, 40th, 41st and 42nd floors. David Berkey internally represented the landlord, L&L Holding Co., in the lease negotiations. Kevin McLennan, Ian Murphy and Silvio Petriello of CBRE represented Polsinelli PC.
NEW YORK CITY — JLL has negotiated a 45,000-square-foot, 20-year office lease at 2100 Bartow Ave. in The Bronx. The 180,000-square-foot building was constructed in 1988. Al Gutierrez and Ian Ceppos of JLL represented the landlord, Prestige Properties, in the lease negotiations. Mark Boisi and Stephen Bellwood of Cushman & Wakefield, along with Neil Lipinski of Lipinski Real Estate represented the tenant, United Federation of Teachers. The tenant plans to take occupancy of its new space this fall.
NEW YORK CITY — A joint venture between Hawkins Way Capital and Vardë Partners has acquired a 655-room hotel located at 525 Lexington Ave. in Manhattan’s Midtown East neighborhood. The 35-story, 406,261-square-foot building, which was shuttered at the time of sale, was originally constructed in 1922 and most recently housed a Marriott-branded operation. Jeffrey Davis, Gilda Perez-Alvarado, Stephany Chen and Bob Knakal of JLL represented the seller, global investment firm Deka Immobilien, in the transaction.
BUFFALO, N.Y. — Largo Capital, a locally based commercial finance and advisory firm, has arranged a $30 million loan for the refinancing of a portfolio of 11 multifamily properties totaling 789 units in Buffalo. The portfolio was 99 percent occupied at the time of sale. Ned Perlman of Largo Capital originated the financing. The borrower and direct lender were not disclosed.
NEW YORK CITY — CBS Broadcasting has signed a five-year, 186,882-square-foot office lease renewal at 555 W. 57th St. in Manhattan’s Hell’s Kitchen neighborhood. The 20-story building, which was completed in 2005, was originally known as the Ford Motors Building due to the automotive giant’s showroom on the ground floor. BMW now occupies that space. Scott Gottlieb, Andrew Sussman and Rocco Laginestra of CBRE represented the tenant in the lease negotiations. The landlord, SL Green, was self-represented.
NEW YORK CITY — Northwind Group, a locally based private equity firm, has provided $313 million in financing for the completion of an 88-story residential tower located at 125 Greenwich St. in Manhattan. Vertical construction of the tower was completed in 2020, but progress has since stalled. Residences will come in studio, one-, two- and three-bedroom floor plans, and the 912-foot building will have multiple floors dedicated to lifestyle and wellness amenities. The borrower, a joint venture between Fortress Investment Group, Bizzi & Partners and the U.S. Immigration Fund, plans to rebrand the building and launch condo sales this fall. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Michael Diaz of Walker & Dunlop arranged the financing.
NEW YORK CITY — Pacific Western Bank has provided a $107 million construction loan for a 224-unit multifamily project that will be located at 585 Union St. in the Gowanus area of Brooklyn. The site is situated within a Qualified Opportunity Zone. Units will come in one-, two- and three-bedroom formats, with 25 percent of the residences being reserved as affordable housing, and amenities will include a pool and fitness center. The borrower is a joint venture between Canyon Partners Real Estate, Tavros Holdings and Charney Cos. A tentative completion date was not disclosed.
NEW YORK CITY — Ireland House, a civic body that represents the Irish government in the United States, has signed a 43,108-square-foot office lease at 200 Park Avenue in Manhattan. David Goldstein, Jim Wenk, Sam Mann and Allison Buck of Savills represented the tenant in the lease negotiations. Megan Sheehan, Gus Field and Sam Brodsky internally represented the landlord, Tishman Speyer.
NEW YORK CITY — Cresa has negotiated an 18,476-square-foot office lease at One Madison Avenue in Midtown Manhattan. The tenant, alternative investment firm 777 Partners, has committed to the entire 27th floor for a 15-year term. Peter Sabesan and Gregg Cohen of Cresa represented the tenant in the lease negotiations. Paul Glickman, Alexander Chudnoff, Diana Biasotti and Benjamin Bass of JLL represented the landlord, SL Green.
WHITE PLAINS, N.Y. — Telecommunications giant Verizon has signed a 19,534-square-foot office lease renewal at One North Broadway in White Plains, located north of New York City. According to LoopNet Inc., the building was constructed in 1968 and renovated in 2019, rises 15 stories and totals 375,365 square feet. Matthew Lisk, Steve Baker and Tara Long of Cushman & Wakefield represented the landlord, Argent Ventures, in the lease negotiations. Baker also represented Verizon in conjunction with Josh Kuriloff of Cushman & Wakefield.