News: Brokerage

Monday Properties and Invesco arrange six leases totaling 22,318 s/f

Monday Properties and Invesco arranged the closing of six separate lease transactions at its 230 Park Avenue office tower totaling 22,318 s/f. Jordan Berger, director of leasing at Monday Properties represented the landlord along with co-agent Jones Lang LaSalle - Paul Glickman, Frank Doyle, Jonathan Fanuzzi and David Kleiner. * Eagle Advisors, LLC, a diversified financial advisory and financial services firm, signed an extension of its 4,466 s/f lease on the fifth floor. The firm, which has been a tenant at 230 Park Avenue since 2003, was represented by Gary Kamenetsky of CBRE. * The Thompson Family Foundation, a private charitable organization, signed an extension of its 2,941 s/f lease on the 15th floor. Thompson family subsidiaries have been tenants at 230 Park Avenue dating back to 1982. Their lease extension was negotiated directly with Monday Properties. * Sageworks, Inc., a leading source of industry data on the financial performance of private companies, signed a new lease for 2,687 s/f of new, pre-built office space on the fourth floor. The tenant was represented by Michael Leff and Stephen DeFlorio of Avison Young. * Earth Networks, a company best known for its WeatherBug network of real time, pinpoint weather forecasts for 2.6 million cities around the world, signed an extension of its 3,998 s/f lease on the ninth floor. The tenant negotiated directly. * In a 7-year lease transaction, Comerica Incorporated expanded by 7,286 s/f on the sixth floor. The tenant now occupies 13,158 s/f at 230 Park Avenue. The deal comes on the heels of the 2,000 s/f expansion they signed in the summer of 2013. The tenant negotiated directly. * Starbucks renewed for 10 years its retail lease for 940 s/f on the Ground Floor of 230 Park Avenue on East 45th Street between Vanderbilt and Lexington Avenues. Starbucks has been a tenant since 2000 and is a highly valued amenity within the 230 Park Avenue community. David Firestein of The Shopping Center Group, the exclusive broker for Starbucks in the New York City region, represented the tenant.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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 streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.