News: Brokerage

Trinity signs long-term lease with Mototainment, LLC at 155 Avenue of the Americas

Mototainment, LLC, an authorized dealer of premium Ducati, Triumph and Mission motorcycles, has signed 15-year, 8,300 s/f lease at Trinity Real Estate's 155 Ave. of the Americas in Hudson Square. The dealership, which had previously been subleasing the space, has negotiated the lease directly with Trinity. "We are proud to be able to attract a dynamic mix of high-quality retail tenants like Ducati Triumph NYC to Hudson Square to serve and engage office workers and residents as well as visitors to Hudson Square," said Jason Pizer, president of Trinity Real Estate. "Their 15-year commitment will help sustain the neighborhood's strength and vibrancy." Mototainment, LLC is an authorized dealer of and master service provider for exceptional motorcycle brands as well as riding accessories and apparel. The dealership occupies prime ground floor retail space for its spectacular showroom and service departments as well as additional basement space in the building. Mototainment LLC is part of Hudson Square's diverse and continuously expanding roster of corporate, creative, media, fashion, arts and nonprofit companies including PepsiCo, Accenture, Tory Burch, Adidas, Thakoon, Horizon Media, HAVAS, 3.1 Philip Lim, WNYC New York Public Radio/Jerome L. Greene Performance Space, Postworks New York, Two Sigma Investments, One Kings Lane, The Children's Museum of the Arts, among others. Located at the corner of Spring Street, 155 Ave. of the Americas is adjacent to SoHo and the Spring Street station of the C and E subway lines. Fronted by a verdant island park, the building features 24/7 access and security, on-site management, an upgraded lobby and typical floors of 15,400 s/f. The building is home to prominent tenants including Jack Schwartz Shoes, Buddy Media, East Coast Digital, Inc. and Mindfile Multimedia, Inc. Retail asking rent in the building is approximately $175 per s/f. Trinity Real Estate was represented in house by Tom Lynch. Howard Rosen and Peter Shakalis of Lee & Associates represented Mototainment, LLC in the leasing negotiations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced