News: Shopping Centers

Adams & Co. handles two leases totaling 17,200 s/f in Manhattan

Adams & Co. Real Estate recently brokered a 10-year, 7,200 s/f lease at 148 W. 37th St. for fashion company Angel Sanchez. A new showroom installation will be built for the showroom, office and design space, which will serve as the company's New York headquarters. Jeffrey Schwartz and Joseph Friedman of Adams & Co. represented the tenant while James Buslik represented the landlord in the transaction. Though details of the lease were undisclosed, the asking price was $39 per s/f. The firm also closed a 10-year, 10,000 s/f lease at 48 W. 38th St. for United Legwear Co., LLC. The fashion company will use the new space for showroom, office and design purposes. Michael Greenberg of Adams represented the tenant while Bonafide Estates Inc. represented the owner and landlord in the transaction. Though details of the lease were undisclosed, the asking price was $38 per s/f. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet.  The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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