News: Brokerage

NGKF's Birnbaum, Roseman and Utreras lease 19,950 s/f to CityMD

Newmark Grubb Knight Frank (NGKF) Retail has secured four new locations for CityMD, an urgent care services provider, totaling 19,950 s/f. New facilities at 561 Third Ave., 14 West 14th St. and 2398 Broadway will bring the total to eight sites in Manhattan. Additionally, the company signed its first borough lease at 4712 4th Ave. in Bay Ridge, Brooklyn. Currently, at the corner of 37th St., CityMD is constructing a 4,750 s/f facility at 561 Third Ave., a residential building. Between Fifth and Sixth Aves., CityMD will occupy 4,000 s/f at 14 West 14th St., also a residential tower. At the corner of 88th St., CityMD will occupy 3,200 s/f at 2398 Broadway on the Upper West Side. In Brooklyn, CityMD signed a net lease for an 8,000 s/f retail building at 8712 4th Ave. between 86th and 87th Sts. "CityMD, staffed by board-certified emergency medicine physicians, has been tremendously successful," said NGKF retail managing director Benjamin Birnbaum. "We are currently looking for sites in the boroughs and Westchester, with plans for up to 15 new locations over the next year or so." Birnbaum, NGKF retail executive vice president Jeffrey Roseman and associate Mark Utreras represent CityMD as it continues to expand. NGKF retail associate director Hymie Dweck is assisting the team in the outer borough markets. NGKF retail executive managing director Jason Pruger and associate director Kate Cohen represented the landlord in the 14th St. transaction. Scott Zecker of BLDG Management Co. represented the company in-house at 2398 Broadway. The 561 Third Ave. lease was negotiated directly with the co-op board and the 8712 4th Ave.transaction also handled directly with the landlord.
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