NEW YORK CITY — Rainbow Advertising Sales Corp. has renewed its lease at 530 Fifth Avenue, a 26-story, Class A office tower located in Midtown Manhattan, New York City, that is owned by The Moinian Group. The tenant, a subsidiary of Cablevision's Rainbow Media Holdings, occupies 44,422 square feet of space, consisting of the entire sixth and 17th floors as well as part of the basement. Cushman & Wakefield represented Rainbow in lease negotiations. Newmark Knight Frank represented Moinian.
BAYONNE, N.J. — Trammell Crow has opened the second building at Alexan CityView, a waterfront luxury residential community located in Bayonne. The building features one-, two- and three-bedroom residences with rents starting at $1,595 as well as townhome units starting at $3,265. Initial occupancy for the new units is slated for April. Amenities at Alexan CityView include a 9,000-square-foot clubhouse that features wireless Internet access, a fitness center with an indoor basketball court, a business center and a media lounge. Other amenities include an outdoor heated pool with a sundeck, 24-hour virtual concierge service, a dog park and an enclosed parking garage. The project is seeking LEED for Homes – Silver certification. More than 160 leases have been signed so far. The community is being managed and leased by Kettler Management.
NEW CASTLE, DEL. — Discount retailer Five Below has expanded its operations at Twin Spans Business Park. The tenant will go from occupying 214,000 square feet of 250 Anchor Mill Road to occupying the entire 421,000-square-foot flex industrial building. Five Below will move into the expanded space in March. Harvey, Hanna & Associates represented the undisclosed landlord in lease negotiations.
EATONTOWN, N.J. — The New Jersey office of FirstService Williams has arranged a 15,500-square-foot office lease in Eatontown. Wentworth will relocate its offices from nearby West Long Branch, N.J., to the new space, located at 17-21 Christopher Way within Eatontown Industrial Park. Jamie Drummon of FirstService Williams represented Wentworth in lease negotiations. The landlord, The Donato Group, provided in-house representation.
BOSTON — Accounting firm KPMG LLP will anchor Two Financial Center, a new 220,000-square-foot office tower currently under construction in Boston's Financial District. The tenant will occupy approximately 96,0000 square feet, consisting of floors one through six. KPMG has also selected Jones Lang LaSalle to complete a $5.8 million interior build-out of the space in preparation for the tenant's June occupancy. A joint venture between ASB Capital Management and Lincoln Property Co. owns and is developing Two Financial Place. The project is applying for LEED-Gold certification.
NEW YORK CITY — Marcus & Millichap has completed the sale of a 40,300-square-foot mixed-use building located at 332 Keap St. in Brooklyn, New York City, for $4.3 million. Matt Fotis and Zachary Felson of Marcus & Millichap's Brooklyn office represented the seller, an estate. Fotis and Felson, along with Jeb Hollingsworth of the same office, represented the buyer, a private investor. The property traded at a 5.55 percent cap rate.
NEW YORK CITY — Eastern Consolidated has brokered the sale of a 9,600-square-foot land parcel located along 34th Avenue in New York City for $3 million. The parcel, situated within Queens' Long Island City neighborhood, is currently zoned for multiple uses and is approved for up to 48,000 square feet of development. Eric Anton, Ronald Solarz and David Schechtman of Eastern Consolidated represented the seller, 36-06 34th Avenue LLC. Brian Ezratty, also of Eastern Consolidated, represented the buyer, Corner Piece Astoria LLC. Plans for the site have not been finalized, but the site could be developed into a hotel, among other things.
NEWTOWN, PA. — The grand opening has been held for the new Homewood Suites by Hilton located in Newtown. The four-story, 104-suite hotel is situated at 110 Pheasant Run. It features studio, and one- and two-bedroom suites. Amenities include a business center, an indoor pool, a landscaped courtyard with a barbecue area, a fitness center and 1,700 square feet of meeting space. Reese Hotels developed the property and Pheasant Run Hotels owns it. Hersha Hospitality Management is the manager.
BILLERICA, MASS. — CB Richard Ellis / New England (CBRE) has arranged a 216,780-square-foot industrial lease in Billerica. Pet supplies wholesaler PetEdge will occupy the space, located within a 612,685-square-foot warehouse at 90 Salem Road. PetEdge will use the space as the primary distribution center for the company. The CBRE team of David Corkery and Mark Reardon represented the landlord, ING Clarion Partners. Greg Klemmer and Tim Brodigan of Winchester, Mass.-based Klemmer Associates represented PetEdge. This most recent lease brings occupancy in the building to 85 percent.
STAMFORD, CONN. — Affinion Group has subleased 140,395 square feet of office space at 6 High Ridge Park in Stamford. The company will occupy all of Buildings A and C, along with a portion of Building B, as its corporate headquarters. The move will happen in April. The previous tenant, UST, relocated to Richmond, Va., following its acquisition by Altria Group. Kevin Foley of Cushman & Wakefield represented the tenant. Paul Jacobs of CB Richard Ellis represented the sublandlord. 6 High Ridge Park is part of a six-building office complex that comprises 583,000 of Class A space on 40 landscaped acres.