News: Shopping Centers

Adams & Co. Real Estate completes five transactions: 6,249 s/f total

Adams & Co. Real Estate, LLC recently completed the following transactions: A five-year, 2,637 s/f lease at 110 W. 40th St. for Gerald Hespos. David Levy and Michael Greenberg of Adams & Co. represented both the tenant and the landlord in the transaction. Asking rents were $39 per s/f. A five-year, 1,000 s/f lease at 263 W. 38th St. for MiddleBlue. Brett Maslin of Adams & Co. represented the tenant while Scott Galin of Handler Real Estate Services represented the landlord in the transaction. Asking rents were $30 per s/f. A five-year, 896 s/f lease at 231 W. 39th St. for True Divinity, LLC. James Buslik and Jeffrey Buslik of Adams & Co. represented the landlord while Richard Pugatch of CBC Hunter Realty represented the tenant in the transaction. Asking rents were $35 per s/f. A four-year, 891 s/f lease at 4-10 W. 33rd St. for French Craft Leather Goods Company, Inc. Levy represented both the tenant and the landlord in the transaction. Asking rents were $39 per s/f. A three-year, 825 s/f lease at 110 W. 40th St. for Segerman USA, Inc. Levy and Maslin represented both the tenant and the landlord in the transaction. Asking rents were $36 per s/f. Adams & Co. Real Estate is among the top five leasing companies in New York City, as measured by total s/f. The full-service real estate firm is responsible for millions of s/f 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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