Newman and Zaccagnino of Malkin Properties negotiate 4,818 s/f lease expansion at Ten Bank Street
Fifth Street Capital and its investment advisory, fund management and administrative affiliates have expanded their headquarters on the 12th floor at Ten Bank St., according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.
Fifth Street Capital, which relocated to Ten Bank St. in August of 2009, has added 4,818 s/f to its occupancy, raising its total space size to 18,286 s/f.
"This has been a remarkable period of growth for Fifth Street," said Stacey Horne, the firm's executive director of investor relations. "Our presence in this distinguished, well located and very well run building has been of great benefit to our employees as well as our brand. The expansion will give us the ability to add talent to our team and continue to meet our growth objectives."
"It's always a pleasure to accommodate a tenant's desire to grow within one of our trophy buildings," said Newman. "We take pride in providing all the top amenities and the careful attention to detail that every tenant should expect from the Malkin Properties brand."
Malkin Construction will build out the space for the new tenant.
Newman and senior leasing associate Kimberly Zaccagnino represented the landlord. The tenant represented itself.
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.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
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.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional