Adams & Co. brokers two leases totaling 27,172 s/f for Shulsky Properties' 330 Fifth Avenue
Adams & Co. Real Estate, LLC, Manhattan's premier full-service real estate firm specializing in property management, brokerage and consulting services, brokered two new leases for Shulsky Properties at 330 Fifth Avenue totaling 27,172 s/f.
Alan Bonett, of Adams & Co., represented Shulsky Properties in both transactions.
* A 10-year, 13,586 s/f new lease for Brightroll Inc., the largest independent video advertising platform. Asking rent was $43 per-square-foot. Paul Ferraro of JLL represented the tenant in the transaction. Brightroll plans to use the space as general and executive offices.
* An 11-year 13,586 s/f new lease for NiCE, Nicosia Creative Expresso LTD, an international packaging design and branding company. Asking rent was $43 per-square-foot. Craig Lemle and Nick Zarnin of Studley represented the tenant in the transaction. NiCE, Nicosia Creative Expresso plans to use the space as general and executive offices.
"330 Fifth Avenue is the perfect location for both Brightroll and NiCE to set up their offices as the building features spacious build outs and is located in a prime area of Midtown Manhattan," said Alan Bonett. "The building also provides great space for a good value and is home to a diverse group of notable tenants."
Built in 1925, 330 Fifth Avenue is a 14-story, 145,000-square-foot building that features 24/7 security and building access. The building also features newly restored elevators, entranceway, and lobby. Notable tenants include St. Giles Schools of Languages, Restaurant Associates, Kings College and Shinhan Bank America; including retail tenant Starbucks.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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