The CPEX industrial leasing team has brokered two industrial leases totaling 10,200 s/f. CPEX's associate director Jacob Tzfanya and associate Gregory Rittchen, represented the landlords in negotiating each lease agreement with the incoming tenants. 5706 1st Ave. is a four-story warehouse, of which the new tenant, Trade Winds Imports, will occupy 4,500 s/f for two years. At 771 Third Ave., CPEX leased 5,700 s/f to Safety King, Inc. in for 10 years.
"5706 1st Ave.'s proximity to the BQE and its available loading infrastructure made it very attractive to Trade Winds Imports," said Tzfanya. "The CPEX industrial leasing team is also pleased to deliver a strong retail operator with a robust track record to 771 3rd Ave. and the rapidly emerging Greenwood Heights neighborhood."
CPEX was founded in September 2008 by Timothy D. King and Brian T. Leary, two prominent leaders in the New York City commercial real estate industry. The founders have provided a broad range of real estate and business services locally, nationally and internationally throughout their career.
CPEX provides a full range of services for both real estate and business owners through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization in each market we cover. Our services include sales, leasing, acquisitions, and advisory.
Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 9,952 s/f at 322 Eighth Ave. in Chelsea, highlighting continued leasing momentum at the recently repositioned office
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.