New York City
Felix/CityGrid Media, a division of IAC/InterActiveCorp, has signed a five-year lease for 26,000 square feet at 229 W. 43rd St., the former New York Times Building. The tenant, an advertising firm, was represented by a Jones Lang LaSalle team of Steven Rotter, Scott Panzer and Ryan Masiello. The team worked closely with Christian Bryan, global head of real estate at IAC/InterActiveCorp. The property’s owner, Equity Office Properties, was represented by Newmark Grubb Knight Frank’s Brian Waterman, Lance Korman, Jonathan Tootell and Brent Ozarowski.
Dwight School, a leading independent school located on Manhattan’s Upper West Side, has entered into a 20-year lease with 1199 Housing Corp., the owner of the East River Landing housing cooperative, for a 40,000-square-foot recreational facility located at 108th Street and First Avenue in East Harlem. The comprehensive athletic facility will be upgraded by Dwight and called the Dwight School Athletic Center. The Dwight School was represented in lease negotiations by Douglas Heitner of Kasowitz, Benson, Torres & Friedman LLP.
Zero Halliburton Luggage has leased 3,900 square feet of ground floor retail space in a 10-year deal at 300 Madison Ave., owned . by CIBC/Brookfield Properties. Joanne Podell, Brandon Singer, Ian Lerner, Christian Stanton, and Jeff Cushman of Cushman & Wakefield represented the tenant. Ed Hogan of Brookfield Properties represented the landlord.
Brown Harris Stevens has arranged the $34-million sale of the Fine Arts Building located at 232 E. 59th St. in New York City. The 42,176-square-foot building was built in 1926 and served as the former Bloomingdales stable house. The six-story commercial property was purchased by Fine Arts Building LLC. Howard Morrel at BHS represented the buyer in the transaction. The seller was Battaglia Realty LLC.
1090 Saint Nicholas Avenue, a 42-unit apartment property, has traded in an $8.9-million deal arranged by Peter Von Der Ahe, Scott Edelstein, Glen Kunofsky and Sean Lefkovits, all of Marcus & Millichap Real Estate Investment Services. The seller, a limited liability company, and the buyer were not identified.
A mixed-use building known as “The Mayflower” at 221-223 East Broadway on the Lower East Side was sold in an all-cash transaction valued at $11.3 million. The property includes 26 residential units, six stores and two cellphone antennae. Massey Knakal Realty Corp.’s Michael F. DeCheser and Robert Burton represented the seller, Red Brick Properties, and procured the buyer, a Long Island investor.
Pasternak, Baum & Co., Inc., an 80-year-old agricultural commodities trading and consulting firm, is expanding and renewing its tenancy at Malkin Properties’ 500 Mamaroneck Ave. in Harrison, NY. The firm, which operates globally, is adding about 6,000 square feet to boost its occupancy to 14,595 square feet, and extending its lease through 2025. Malkin Construction Corp. will build out the additional space for the tenant. It’s the second such expansion for Pasternak, Baum since it moved to the property in 2004. The property’s ownership was represented by Jeffrey Newman, Kimberly Zaccagnino and Tara Long. Attorneys involved in the transaction included David Bleckner of David Bleckner P.C. for the landlord, and Steven L. Elbaum of Robinson & Cole LLP for the tenant.