News: Brokerage

EVO Real Estate Group brokers several commercial leases in Midtown and Downtown Manhattan

EVO Real Estate Group has negotiated several leases for commercial space in midtown and downtown Manhattan, announces Dana Moskowitz, president of the firm. The tenants that EVO represented include: * Sontag Advisory LLC. Howard Epstein represented this financial services firm in its lease of the entire fifth floor, comprising 15,875 s/f, at 295 Madison Avenue. The firm moved from 261 Madison Avenue. A team at Murray Hill Properties, led by David Greene, represented the landlord, Tahor 26 Owner LLC, in the lease negotiations. * Sunwin Global Industry Inc. Evan Lieberman and Barry Bernstein brokered a deal for 8,300 s/f for this Shanghai-based home furnishings company in The Textile Building at 295 Fifth Avenue. Sunwin relocated from 7 West 34th Street. Lieberman notes that the space appealed to the tenant because the layout was "very workable," the amenities for buyers are impressive, and the property is "New York's #1 showroom building for the home textiles industry." The owner, Manhattan Properties, was represented in house by Louis Lombardi and Thomas Randazzo. * Ahava North America. Elliott Klein represented the skincare company, which moved its corporate headquarters to 330 Seventh Avenue from 411 Fifth Avenue. Founded in 1988, Ahava specializes in face and body care products that feature Dead Sea minerals and are available in retail stores in 30 countries worldwide. Ahava's new headquarters comprises 7,000 square feet built out by the landlord, Supernova LLC. Mike Dreizen of Newmark Grubb Knight Frank served as the landlord's representative. * Stewart Occhipinti, LLP. Corey Abdo represented this law firm in its move from 65 West 36th Street to One Exchange Place, where the firm will occupy 6,000 s/f. The owner, Broad Street Development, was represented in house by Ramona Huegel. * MM & R, Inc. Barry Bernstein represented this ladies' apparel firm in its 6,000 s/f lease of the entire 17th floor at 230 West 38th Street. The tenant will maintain its showroom nearby on Seventh Avenue, while 230 West 38th Street will house its design, sales and accounting departments. Jay Caseley of ABS Partners and Danny Breiman of Olmstead Properties represented the landlord, 3738 West LLC, in the lease negotiations. * Red Payments. Lieberman, along with M. Dylan of Inceptum, Inc., negotiated a 16,213 s/f renewal for the merchant services firm in the Kaufman Arcade Building at 132 West 36th Street. Says Mr. Lieberman: "After an extensive strategy was put into play to relocate, Red Payments chose to stay in its present space because the location gives the firm a prestigious image with which to win more business and hire higher-level executives." Steve Kaufman represented The Kaufman Organization, the building's owner, in-house. "The end of 2013 was a busy time for us," said Moskowitz. "And 2014 is on track to be even busier. We expect a great deal of activity in the upcoming months."
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