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.
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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