A pair of deals engineered by the Nassau Industrial Development Agency is bringing two New York City-based firms to Nassau County. In one, “R” Best Produce Inc. is relocating from the Hunts Point Terminal Market in the Bronx to a partly vacant industrial building at 99 Seaview Ave. in Port Washington, NY. The company shares ownership of the 160,0000-square-foot 99 Seaview with the Uncle Giuseppe supermarket chain. In the other, Display Technologies Inc. is relocating from the College Point section of Queens into 24,000 square feet at AREA Property Partners‘ 1111 Marcus Ave. in Lake Success, NY.
CLK Commercial Properties has leased 22,871 square feet at 45 Crossways Park Drive in Woodbury, NY to Orlin & Cohen Orthopedic Associates LLP. The deal brings the 35,011-square-foot medical office property to 100% occupancy, with the remainder of the property occupied by North Shore Long Island Jewish Health Systems. Herb Agin and Jeffrey Cebula of Colliers International brokered the deal.
New York City
WPP Group USA Inc. has renewed its 100 Park Ave. lease for 43,294 square feet, encompassing the entire fourth floor. The building’s ownership, SL Green Realty Corp., was represented by Steve Durels, EVP and director of leasing and real property.
At another SL Green property, 1185 Ave. of the Americas, Jones Lang LaSalle negotiated a new, direct long-term lease for insurance firm Alterra USA Holdings Ltd. JLL SVP Scott Cahaly represented Alterra, while SL Green was represented in-house by EVP Howard Tenenbaum and Gary Rosen, senior managing director.
A block-through development site at 321-325 W. 35th St. and 320-328 W. 36th St. has sold for $33. 5 million. Current zoning allows for a 165,000-square-foot building to be constructed on the site, which was marketed by Massey Knakal Realty Services‘ chairman Bob Knakal and director of sales David Kalis, Knakal says he sees a hotel being built on the site.
An elevatored apartment building at 3990 Bronx Blvd. in the Bronx’s Wakefield section has traded for $11 million, or $120,000 per unit. Besen Associates‘ Amit Doshi represented both the buyer and seller, who were not identified.
Marcus & Millichap Real Estate Investment Services has arranged the sale of a Walgreens at 1281 Fulton St. in Brooklyn. The 21,000-square-foot net-leased retail property changed hands for $7.5 million; Glen Kunofsky, Russell Wachtler and John Stewart, investment specialists in Marcus & Millichap’s Manhattan office, handled the sale.
In another Brooklyn deal arranged by Marcus & Millichap, this one in the Sunset Park neighborhood, a 41-unit apartment building at 461-465 46th St. has sold for $5.6 million to a Manhattan buyer. A Marcus & Millichap team of Matthew Fotis, Peter Von Der Ahe and Jeb Hollingsworth marketed the property on behalf of the seller, an institutional fund.
Simsbury Bank will relocate its corporate headquarters to 22,300 square feet at 86 Hopmeadow St. in Simsbury, CT. Andrew D. Filler of the R.M. Bradley Co. represented the bank; 86 Hopmeadow owner Mark Greenberg was represented by CBRE‘s Patrick R. Mulready.