Newman, Zaccagnino and Caracappa of W&M renew and expand 3,497 s/f for Chemlube
According to Jeffrey Newman, executive VP of W&M Properties, Chemlube International, Inc. has signed a renewal and expansion lease for 3,497 s/f on the third floor of 500 Mamaroneck Ave. W&M Properties is the marketing and management agent for the building.
Chemlube markets base oils, finished lubricants and fuels, including alternative fuels. It had been occupying 2,597 s/f on the third floor, and now has expanded its space by 900 s/f and renewed for a term of five years.
Newman represented the landlord in this transaction, with assistance from senior leasing associate Kimberly Zaccagnino and assistant VP Kathleen Caracappa. Eric Goldschmidt of Goldschmidt & Associates represented the tenant.
500 Mamaroneck Ave. is a five-story, 285,000 s/f, multi-tenanted office building.
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
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