NEW YORK CITY — Sierra, an AI-driven customer service platform, has signed a 14,563-square-foot, full-floor office lease at 375 West Broadway in Manhattan’s SoHo neighborhood. The deal keeps the 76,605-square-foot building, which was originally constructed in 1863 and is currently being renovated, at full occupancy. Brett Harvey of Newmark represented the landlord, Manova Partners, in the lease negotiations. Jeff Fischer and Connor Krup of CBRE represented Sierra.
LAKE GROVE, N.Y. — Nordstrom Rack has opened a 25,000-square-foot store in Lake Grove, located on Long Island. The space is located within the 150,000-square-foot Smith Haven Plaza shopping center. Other tenants at the shopping center include Trader Joe’s, Old Navy, Athleta and Ulta Beauty. A partnership between Breslin Realty Development Corp. and Colin Development LLC owns Smith Haven Plaza.
NEW YORK CITY — Local investment and development firm Global Holdings has received a $190 million loan for the refinancing of Anagram Columbus Circle, a 26-story apartment tower located at 1 West 60th Street in Manhattan. The building houses 123 apartments in studio, one-, two-, three- and four-bedroom layouts as well as various resort-style amenities. J.P. Morgan and Sumitomo Mitsui Trust Bank provided the loan to Global Holdings. Christopher Peck, Peter Rotchford, Rob Hinckley, Nicco Lupo and Christopher Pratt of JLL arranged the debt.
TUCKAHOE, N.Y. — JLL has brokered the $63 million sale of Quarry Place at Tuckahoe, a 108-unit apartment complex located north of New York City in Westchester County. Built in 2016, the property features 61 one-bedroom apartments and 47 two-bedroom units with an average size of 977 square feet. Amenities include a fitness center with a yoga room and spin studio, clubroom with computer stations and a garden terrace with fire pit. Jose Cruz, Steve Simonelli and Austin Pierce of JLL represented the seller, Veris Residential, in the transaction. The buyer was Hines.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $7 million sale of a mixed-use development site in the East New York area of Brooklyn. The site at 749 Van Sinderen Ave. currently houses multiple single-story warehouses and can support 103,500 square feet of buildable product. Sean Kelly, Stephen Vorvolakos and Gabriel Elyaszadeh of Ariel represented the seller in the transaction. Josh Malekan of Venture Capital Partners represented the buyer. Both parties requested anonymity.
AMHERST, N.Y. — Locally based financial intermediary Largo Capital has arranged a $9 million loan for the refinancing of an 81,569-square-foot industrial and office building in Amherst, a suburb of Buffalo. The property address was not disclosed, but the building was originally constructed in 1989 and was fully leased at the time of the loan closing. Jack Philips of Largo Capital originated the debt through an undisclosed bank. The name of the borrower was also not disclosed.
NEW YORK CITY — Plaza College has signed a 21,068-square-foot lease expansion and extension at Forest Hills Tower, a 375,000-square-foot office building in Queens. Plaza College first joined the tenant roster in 2013 and currently occupies floors one through three. The new deal also encompasses the entire sixth floor and brings the private college’s total footprint at the building to about 80,000 square feet. Roy Chipkin of CBRE represented Plaza College in the lease negotiations. Muss Development owns Forest Hills Tower.
WESTBURY, N.Y. — Two new entertainment operators — Gatsby’s Board Game Café and I.FLY Trapeze — will open venues at Samanea New York, a 750,000-square-foot entertainment destination on Long Island. Gatsby’s is an interactive experience with a library of more than 400 games that are available to buy and/or play onsite. I.FLY Trapeze offers open-fly sessions, workshops, parties and corporate team-building events. Opening dates were not announced. Lesso Mall Development owns Samanea New York.
NEW YORK CITY — A partnership between two local firms, owner-operator Slate Property Group and real estate private equity firm Avenue Realty Capital, has received a $64 million loan for the refinancing of The Welz, a 162-unit community in the East Williamsburg area of Brooklyn. Designed by Aufgang Architects, the 19-story, newly constructed building offers studio, one- and two-bedroom units. Roughly 30 percent (49) of the residences are reserved for renters earning between 60 and 130 percent of the area median income, and residents also have access to a rooftop deck with grilling stations, a fitness center and package lockers. Daniel Fromm of Newmark arranged the three-year, floating-rate loan through Starwood Capital on behalf of the partnership.
NEW YORK CITY — Fox Horan & Camerini LLP has signed a 19,200-square-foot office lease in Midtown Manhattan. The lease term is 11.5 years. The law firm will occupy the entire 17th floor of 885 Third Avenue, a 34-story, 600,000-square-foot building that recently underwent a capital improvement program. Chris Mongeluzo and Corey Borg of Newmark represented the tenant in the lease negotiations. SL Green owns 885 Third Avenue.