Greenberg of ERG Property Advisors completes $3.3 million sale of PNC Bank in Alpharetta, Georgia

ERG Property Advisors arranged the sale of a triple-net (NNN) leased PNC Bank located at 11758 Jones Bridge Rd. PNC Bank has a 15-year NNN lease with eight years remaining in the base term. The property sits on 1.37 acres located on the heavily traveled Jones Bridge Rd., just 30 miles outside of Atlanta. Other major retailers in the immediate area include Burger King, CVS, Dollar Tree, Publix, Bonefish Grill and Butler Tire & Wheels. PNC Bank is the 7th largest bank in the United States in total assets, the 5th largest in deposits and in total branches. PNC Bank currently maintains an S&P "A" credit rating. Overall, the property offers a long-term, stable cash flow guaranteed by an investment grade credit tenant with zero landlord responsibility. The property sold for $3.3 million. Andrew Greenberg exclusively represented the property.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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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

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