News: Shopping Centers

Levy of Adams & Co. completes 24,152 s/f in recent leases/renewals; firm also closed 12,939 s/f total

Adams & Co. Real Estate has recently completed the following leases: * A three-year, 2,750 s/f renewal for fashion company Seasons USA, Inc. at 1115 Broadway. James Buslik, represented the tenant and landlord. Asking rents were $40 per s/f. * A three-year, 1,563 s/f renewal for apparel company Sky High Unlimited Inc. at 1071 Ave. of the Americas. David Levy and Jeffrey Schwartz of Adams & Co. represented the tenant and the landlord. Asking rents were $44 per s/f. * A one-year, 1,485 s/f renewal for apparel company DMF Sales Company, Inc. at 411 Fifth Ave. Levy represented the tenant and landlord. Asking rents were $42 per s/f. At 10 W. 33rd St.: * A three-year, 2,394 s/f lease for Midway Industries America, Inc. at 10 W. 33rd St. Levy represented the landlord and the tenant in the transaction. Asking rent for the space was $42 per s/f. * Levy represented Parmani while Okada & Co., LLC represented the landlord in a three year, 557 s/f lease. Asking rent for the space was $44 per s/f. At 463 Seventh Ave.: * A five-year, 2,893 s/f lease for L'art De La Mode, Inc. Levy represented the tenant and landlord. The asking rent was $42 per s/f. * A 10-year, 2,022 s/f retail lease for Woody's Racquet Stringers II, Inc. Levy represented the landlord while Stephen Berlinner of Studley Inc. represented the tenant. The asking rent was $100 per s/f. * A five-year, 6,739 s/f renewal for Comint Leather Goods, Inc. Levy represented the tenant and landlord. The asking rent was $42 per s/f. * A five-year, 4,257 s/f renewal for Henry Doneger Associates, LLC. Levy represented the tenant and landlord. The asking rent was $38 per s/f. * An 11-year, 2,483 s/f retail renewal for Ice Cube Apparel, LLC. Levy represented both the tenant and landlord. The asking rent was $225 per s/f. * A three-year, 1,322 s/f renewal for Capital Garment Co. U.S.A. Inc. Levy represented both the tenant and landlord. The asking rent was $42 per s/f. At 231 W. 39th St.: * A three-year, 2,187 s/f lease for Ed Hardy/D.N.A.M Apparel Industries, LLC. James Buslik and Jeffrey Buslik of Adams & Co. represented the landlord while Arthur Spitalnick of the Kaufman Organization represented the tenant. * A one-year, 1,439 s/f lease for Studio A. James Buslik and Jeffrey Buslik represented the tenant and landlord. * A five-year, 1,108 s/f lease for By the Sea, LLC. James Buslik and Jeffrey Buslik represented the tenant and landlord. * A two-year, 1,094 s/f lease for The California Bag, LLC. James Buslik and Jeffrey Buslik represented the landlord while Spitalnick represented the tenant. * A two-year, 1,039 s/f deal for Kendra Scott Design Inc. James Buslik and Jeffrey Buslik represented the tenant and landlord. * A three-year, 890 s/f lease for Trays Mfg Group, LLC. James Buslik and Jeffrey Buslik represented both the tenant and landlord in the transaction. * A one-year, 869 s/f lease for Plan B Showroom, LLC. James Buslik and Jeffrey Buslik represented the tenant and landlord. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total s/f. The full-service real estate firm is responsible for millions of s/f of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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