News: Brokerage

NAI Friedland closes nine deals representing $16 million and 250,000 s/f

According to NAI Friedland. its retail, office, and industrial divisions closed nine lease and sale transactions in Westchester County, Manhattan, and the Bronx. The combined deals represent $16 million and 250,000 s/f. The retail division completed six transactions: * Lease of 3,000 s/f at 2178 White Plains Rd., Bronx for $2 million. Executive VP Kathy Zamechansky brokered the deal between ComJem Associates (landlord) and Amalgamated Bank (tenant). She represented both the landlord and tenant. * Lease of 3,000 s/f at 1405 Fifth Ave. for $1.14 million. Zamechansky brokered the deal between Yuco Real Estate (landlord) and Allison's on Fifth Inc. (tenant). She represented both the landlord and tenant. * Lease of 1,600 s/f at 720 North Bedford Rd., Bedford Hills. Joan Simon brokered the deal between MRE Management (landlord) and Salsa Fresca, LLC (tenant). Simon represented both the landlord and tenant. * Lease of 1,500 s/f at 681 Main St., Mt Kisco. Simon brokered the deal between 681 E. Main St. LLC (landlord) and Dunkin' Donuts (tenant). Simon represented both the landlord and tenant. * Lease of 2,807 s/f at 34 Rye Ridge Plaza, Rye Brook. Simon brokered the deal between Win Ridge Realty (landlord) and Susan Blum (tenant). Simon represented both the landlord and tenant. The industrial division completed two transactions: * Sale of 12,000 s/f with 40,000 s/f of land at 1150 Longwood Ave., Bronx. Industrial Specialist Jeff Clinton brokered the deal between Longwood Ave. LLC (seller) and Everest Scaffolding (purchaser). Clinton represented the purchaser. * Sale of 15,600 s/f at 80 Lafayette Ave., North White Plains for $1.575 million. Industrial/flex specialist Andy Grossman brokered the deal between Loyal Paper (seller) and Growth Products Inc. (purchaser). Grossman represented the purchaser. The seller was represented by Goldstein & Associates. The office division completed one transaction: * Lease of 1,570 s/f at 100 Clearbrook Rd., Elmsford. Executive directors Ellen Benedek and Carl Silbergleit brokered the deal between Mack Cali (landlord) and Waller & Fiorenza (tenant). "The economy is still causing many to take pause and consider whether the time is right to make a deal," said Tony Lembeck, NAI Friedland's CEO. "Our brokers have a great knack at conveying realistic options to both landlords and tenants. As a result, we are still making deals in this market." Lembeck said, "Friedland's brokers are out in the market every day, working hard to fill every vacancy in Westchester, Rockland, Putnam, and the Bronx. We are canvassing each market regularly to find the best opportunities for our clients, on both the landlord and tenant side of the transaction." NAI Friedland is located at 656 Central Park Avenue in Yonkers and can be reached at 914-968-8500 or by visiting www.friedlandrealty.com.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.