News:
Brokerage
Posted: December 3, 2019
Bonett of Adams & Co. leases 11,670 s/f; Savills acts for tenant
Manhattan, NY According to Adams & Co. Real Estate, LLC, Kassatex, Inc., which designs and distributes luxury textiles and linens, has signed a 11,670 s/f, 10-year lease at 330 Fifth Ave. The New York-based firm will relocate its headquarters from 295 Fifth Ave. to a full floor space on the 11th floor of the building.
Alan Bonett of Adams & Co. represented the landlord, Skyler 330 LLC, while Jarod Stern and Greg Albert of Savills represented the tenant in the transaction. Kassatex is expected to take occupancy of the space in the first quarter of 2020.
“The NoMad area continues to attract top fashion and textiles firms given the location allows them to showcase the latest trends set against the backdrop of a classic New York aesthetic,” said Bonett. “330 Fifth Avenue offers this growing firm a coveted address in a centrally located neighborhood and a flexible, full tower floor space that allows for a customized showroom and provides an abundance of natural light.”
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
.gif)
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
.gif)