CB Richard Ellis arranged a 10-year, 12,979 s/f lease at 600 Third Ave. on behalf of investment firm 3G Capital Management. The tenant will occupy the entire 37th floor once the installation is complete. L&L Holding Co. is the landlord.
"3G needed more space to accommodate its current growth," said Sam Seiler of CBRE, who arranged the lease with Sinclair Li. "They had very specific geographic parameters and required space with spectacular views."
The 42-story, 548,000 s/f office tower is located on Third Ave. between 39th and 40th Sts. L&L was represented internally by David Berkey.
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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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.
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